AWJ auric mining limited

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Ann: Total Gold Sales of $23.5M from Jeffreys Find Campaign, page-40

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Wado87

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02/10/24

13:12

Post #: 75943005
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Originally posted by goldatwidgie: ↑

Stage One - 2023.
It cost BML $1993 per ounce to mine Jeffreys Find last year. Included in that cost was haulage to Coolgardie and milling costs at Greenfields.
When it was all done and dusted there was a cash surplus of $9.53 million. Call it profit for the partners if you like.
Thsi was split 50:50 so Auric banked $4.77m

Stage Two - 2024
At various points the MD has mentioned that the target is somewhere near 20,000 ounces for Stage Two.
Readihg through the announcement today you can see that already 7500 ounces produced with more than likely another 7500 ounces for the last gold campaign of the year, which will probably run into early January. Total therefore would be circa 15,000 ounces.
The MD says after that there will be 100,000+ tonnes left at Jeffreys Find to be processed in early 2025. That's bound to produce another 4000 or 5000 ounces of gold.
Total = circa 20,000 ounces

The numbers being focused on by those who have been following the Auric story show the following potential
Stage Two Summary
20,000 ounces averaging $3800 per ounce gives you gold sales of $76 million.
In 2023 the AISC was $1993 per ounce
Being reasonably if you said it was $2300 per ounce this year then total costs would be $46 million.

The Crunchline
$30 million in surplus cash or profit for the partners.
$15 million to Auric Mining

How anyone could be selling Auric down right now is beyond me. And that's not even talking about what's coming next which is the major gig for Auric - Munda.

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I'm also looking into these numbers again. Was surprised AWJ only got 2 Million profit from this campaign. that's likely why market wasn't happy

AWJ Price at posting: 32.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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Last 17.5¢		Change 0.000(0.00%)		Mkt cap ! $32.54M

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