Barry FitzGerald has written up a piece about AUC on **** (HC...

Barry FitzGerald has written up a piece about AUC on **** (HC will block the link so ***) .....
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Ausgold (ASX:AUC):

As much as the copper juniors are enjoying some love, the gold explorers/developers are receiving it by the truckload.

Makes complete sense too given the fantastic Aussie dollar gold price which is delivering what really should be seen as boom time prices, minus hedging gone bad. In an ideal world, projects like Ausgold’s 3Moz Katanning gold project in wheatbelt country in WA’s s south-west Yilgarn would (be) one of the gold operations creaming it.
But the road to first production since the project was picked up with a 400,000oz resource in 2010 has proved to have been a long one for one reason or another. But as mentioned here on June 7, the arrival of John Dorward as executive chairman has delivered a massive dose of momentum.
Dorward is the former president and CEO of Roxgold, a West African gold group acquired by fellow Canadian Fortuna Silver Mines in an all-scrip deal worth $US884 million in 2021.
If Dorward says Katanning is on track to become Australia’s next mid-tier gold producer with Capricorn Metals-type credentials, no one doubts that is the case.
That has been reflected in the stock edging up since June 7 from an adjusted 33c a share to 45.2c in Thursday’s market.

SCP Research reckons there is more upside to come, initiating coverage of the stock with a $1.35 price target.“Dorward brings critical development experience and the network to steer Ausgold through development and production.
’’The firm added that it too sees strong similarities between Katanning and the early days of Karlawinda, the project that has underpinned the growth in Capricorn’s market cap to $2.2 billion.“Ausgold’s Katanning project is larger and higher grade and has satellite potential in the Yilgarn versus the ‘old and cold’ Pilbara,’’ SCP said.