I question your tier 1 rating of the AUL tenements. Tier 1 deposits are “Company making” mines. They are large, long life and low cost.
The mines in the region, under current company structures and OH&S regimes means the likelihood of finding a tier1 deposit is remote.
Historically none of the mines were a prolific producers on a yearly basis. I mean how many years has Morning star been mined for how any ounces produced. How was the 25g/t produced?
You draw a long bow imo.
AUL Price at posting:
33.0¢ Sentiment: None Disclosure: Held