AUC appears to be upgrading their resource in line with capital raising and thus any further dilution of shareholder equity
Based on a future Gold Price of USD$3000/Mt and AISC of $1750/Oz, and fully diluted shares as is, the future price of AUC could reach AUD$0.65 or 10 fold
However, it is more likely than not that future dilutions will take place as more funds are required to build a CIL plant as well as the permitting of the mine, possible mine bond increase and community engagement/ environmental reports.
All shareholders will need to be active in further capital raisings to ensure their shareholder equity is not eroded.
Another option is that AUC goes for finance first ~AUD$50M for mine build and permitting.
Then later use profits of gold production to pay back or do an SPP like Red5 recently.
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Last
3.1¢ |
Change
-0.001(3.13%) |
Mkt cap ! $110.4M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.1¢ | $316.2K | 10.11M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 2518676 | 3.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.1¢ | 374468 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 2518676 | 0.030 |
7 | 766045 | 0.029 |
5 | 1406427 | 0.028 |
1 | 401825 | 0.027 |
5 | 2584000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 373835 | 1 |
0.032 | 1002668 | 2 |
0.033 | 532527 | 2 |
0.034 | 66666 | 1 |
0.035 | 619000 | 4 |
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