AZX auzex resources limited

ev/resource of $21/oz, page-6

  1. 5,475 Posts.
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    Yeah Rich, it all looks good, and within the next year I expect Bullbulling to push up the resources beyond the current 2.6 million JORC ounces, especially from The Deeps.

    With the right geologists working on this project, a successful merger, and with a bit of luck and hard work, within 18 months they could have over 4 million JORC compliant ounces here.

    A lot of things need to go right, of course, but if they get the breaks, then who knows.

    Easy processing, not much quartz, what would the share price be then?

    Just have a look at the current price of other goldies with 3 to 5 million ounce JORCs and it gets scary to think of how much Bullabulling Gold can appreciate in the next year or two, especially if the gold price not only holds up, but pushes through, and consolidates above, $2,000 an ounce.

    Gw
 
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