AusGold (ASX: AUC) a wonderful freehold real estate asset with growing valuation, page-2

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.