Price of gold makes the world of difference....
like most businesses- the first 2 years are the most difficuilt....looking for increased production- economics of scale.....AUL is going to benefit from high gold prices which increases the cash flow which can be used to drill lots and continue to increase capacity and efficiency which should reduce cost of production...
no guarantees but i have been buying more for months.
i like our chances....
if you were the biggest holder- mcnally....would you a multi millionare who started from nothing be prepared to hire more high paid people at this time if you had no cash???
imo- AUL are producing at a profit atm which is why they have not raised cash in the last few months....
I hope the qtl backs up my hopes- thoughts
Price of gold makes the world of difference....like most...
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