Good post Krum
You make some salient points and considered calculations...thank you for your post.
However, this comment I disagree with:
"As I stated in those other threads everyone was saying the same thing but no one was thinking holistically."
The comment made was that AUL would have to "drill up 10+ gT"...which is a significantly different statement to "a head grade of 10+ gT" as you have pointed out above.
Anyway, I feel your numbers above are fairly consistent to what has been alluded to by TDV at the recent AGM...
...break even at head grade circa 4.5 - 5.0 gT...
...so feasible that a "drilled up" deposit/resource/etc. of circa 2.0 - 2.5 gT is break even all things being considered (uplift multiplier, gold price, etc.)...
...hopefully those "small veins" your mention in the uppers can provide some reasonable substance well above break even...
...both in gT and tonnage...
...to kick start economical production whilst exploration continues into some newer zones.
Cheers K
- Forums
- ASX - By Stock
- AUL
- Economic Gold Grade
Economic Gold Grade, page-3
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online