AWJ 2.13% 24.0¢ auric mining limited

With gold at $3650 an ounce the first campaign from JF is bound...

  1. 38 Posts.
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    With gold at $3650 an ounce the first campaign from JF is bound to produce somehere near $7m in gross revenue. I don't think we can expect all the ore going through the mill to be high grade as they are just getting underway for the year. If it runs through at 1.5g/t then you'd think that would be a good start.
    Remember last year the bulk of the ore went through the mill at 1.93g/t, so no reason to think it won't be the same. Its hard to believe that BML won't try and extract every ounce they can from this resource which is put at 47,000 ounces in total. They could certainly get 20k oz over the line and maybe, in a best case scenario, 25,000 ounces is achievable. Depends on how much more earth moving machinery can be allocated to shove waste dirt out of the way. Looking back at Auric's published data on the JF deposit I notice a magnetic map of the resource which is well worth pondering about where to go to next.

    https://hotcopper.com.au/data/attachments/6097/6097967-ec7f030b4276fe7c6bee596295cb7225.jpg
 
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