I've been looking at AUK for some time.
I know a few here dont like the grades but i'm doing a comparison with Robust Res. and simply cannot see why AUK is not trading at multiples of current sp.
ROL has a 33Mt @ .5 g/t Au and 17.7 g/t Ag. ROL has 80m shares for a mkt cap of $105m
Now i'm going to have a guess at AUK resource. I'm suggesting that AUK will come out with around 50Mt , around .9g/t Au and around .2% Cu. I believe that is an economic resource.
Its a guess and i'd appreciate others' assessments.
AUK does not need immediate cash and i would imagine they are hoping for an sp boost on the release of the resource (may? June?) before they raise more funds.
ROL has 77.5% of its resourse at Romang. AUK will have 80% of Wonogiri.
The recent sp fall has been on very small volume so i'm not convinced that recent sellers know anything.
I believe AUK is at a bargain price atm.
anyone like to comment?
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Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $11.48M |
Open | High | Low | Value | Volume |
0.7¢ | 0.8¢ | 0.6¢ | $99.44K | 14.54M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 32792133 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 4804247 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 32792133 | 0.006 |
16 | 10508674 | 0.005 |
9 | 14178000 | 0.004 |
8 | 19289831 | 0.003 |
22 | 28755644 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 4804247 | 10 |
0.008 | 7600000 | 3 |
0.009 | 16027257 | 17 |
0.010 | 8897828 | 14 |
0.011 | 5927000 | 3 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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AUK (ASX) Chart |