AUL 0.00% 28.5¢ austar gold limited

here we go,, page-83

  1. 2,403 Posts.
    The questions are legitimate and the ad hominem arguments are lazy.

    Today was a good step forward. A small step forward. But not company-making. Yet. Hence why the SP isn't skyrocketing as we speak. Without an ILUA the tenement is worthless and MNM would relinquish it, so that's the progress here. Excellent work and patience to see it through.

    I believe previous ASX announcements regarding exploration targets included the main deposit. If the main deposit is not in play (at least for the moment) then there's uncertainty around precisely what's in the tenement. That's why there isn't a massive flurry of buying. If the NP issue wasn't one, who knows where the SP would be. BY's baiting aside, it's worth remembering that its the Djungan people themselves that have been pushing for a National Park. And it seems they've specifically excluded this area, and an additional buffer zone, from this ILUA.

    Now, as the announcement said: "It is expected that initial exploration will be able to commence immediately on conclusion of all agreement documentation and receipt of necessary approvals." Hopefully approvals and drillings can all happen this year and once results are out we'll get a better idea of what we own. Hopefully its lots (and lots and lots) of coal and CSM.

    Attention goes back to BM JORC now and plans there.

    Looking forward to updates on other projects in next week's quarterly report.
 
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