AUL 0.00% 28.5¢ austar gold limited

it wont re-rate on phospahte until they show the high grade...

  1. 27,324 Posts.
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    it wont re-rate on phospahte until they show the high grade historic results are on their tenaments.


    They have zero drills confirmed on their tenaments.

    I'll ask this question.

    When rio tinto mapped out the area they wanted, they would have been priverlaged to all the old data, and would have just taken the high grade area.

    Why would they leave a high grade dill zone not in their projects?

    So IMO, unless there is a new discovery, the old drills do not support a resource on MNM tenaments.

    Clealy, a lot of traders took accumulation positions, and have exited on those rushing in without doing their research.

    Again, a long hold for the coal is reasonable.

    The phosphate is unsubstantiated.

    Do holders really believe in a MAK performance with no resource?

    May i remind all that MAK has a 2 billion tonne, 100 mt high grade area, resource handed to them on a silver plate.

    These other specs do not, and are years behind MAK on devleopment schedules, if ever.

    MAK will finish the race.

    cheers
 
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