AWJ 2.94% 17.5¢ auric mining limited

Au contraire Freddie.This round of Grade control drilling (10m x...

  1. 1,850 Posts.
    lightbulb Created with Sketch. 222
    Au contraire Freddie.

    This round of Grade control drilling (10m x 10m) comes off the back of Decades of Historical information for this deposit. So, with a maximum level of confidence, in my opinion they would have directed the bulk of the early Holes (Assays received) into the areas of most confidence. Specifically aimed at those higher historical results. Why? In order to validate the the bulk of the resource, and the viability of Mining this deposit at this juncture. The balance of the holes that we are awaiting will more than likely be lower grade to simply outline the extremities of the Pit (Gold Price sensitive), and perhaps to inform the Planners where to place Plant lay-down areas, Accom, overburden etc,.

    I'm expecting around 120koz (plus) of recoverable Gold from this Pit. Mined out in less than Three years at, or around $2,000.00 per ounce GOP.

    None of which will be shared with anyone outside of us Shareholders!

    You can all put your own numbers on that, but to my reckoning this equates to a SP well North of a Dollar!
 
watchlist Created with Sketch. Add AWJ (ASX) to my watchlist
(20min delay)
Last
17.5¢
Change
0.005(2.94%)
Mkt cap ! $25.99M
Open High Low Value Volume
17.0¢ 17.5¢ 16.5¢ $52.69K 310.8K

Buyers (Bids)

No. Vol. Price($)
6 143078 16.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 124603 2
View Market Depth
Last trade - 15.59pm 03/05/2024 (20 minute delay) ?
Last
17.0¢
  Change
0.005 ( 2.86 %)
Open High Low Volume
17.0¢ 17.0¢ 17.0¢ 181084
Last updated 15.28pm 03/05/2024 ?
AWJ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.