Gold Juniors Multibagger Thread, page-4

AYC 500m shares Mkt Cap $13m Cash low but funded by PYBAR (same mob tied up with WPG)
mining and producing gold slowly but about to commence full production




they were forecasting or rather hoping and praying to produce 80kozs @ AISC of $900 AUD/oz
At the current Oz gold price of $1750 AUD = $68m in free cash flows or operating profit = 13.5c Undiluted per share


This is an underground mine and narrow vein I believe and these Victorian deposits are like an Elephants Graveyard so the risks are very high with execution risk of them delivering what they think they can being the biggest risk here but if they can deliver their stated plans the rewards will be enormous

Having Andrew Forrest as a backer certainly helps

http://www.smh.com.au/business/mini...ner-a1-consolidated-gold-20150512-gh0cpl.html