JORC 1.2M oz. EV $35 oz. peer group average $280 oz. So upside is 8x on current share price of 3.8 cents. So upside is 8 x 3.8 cents = 30.4 cents per share.
Price drivers include
(1) Completed Scoping Study showing IRR of 28% at A$2,000 ounce gold price. So IRR now doubled at current gold price exceeding $2,600 ounce.
(2) Fully funded with $6M in cash.
(3) 25,000m drilling program ongoing along 7,500m of mineralized strike (my prior conceptual guesstimate of upside is 8.3M ounces at minimum of 1 g/t au). Drilling runs for next 6 months.
(4) Includes Jinkas North drilled in October to November.
(5) Includes Rifle Range drilled in December to February.
(6) Red Hill (separate target) sampling and then drilling over next three months.
(7) Regional exploration covering over 49 targets away from Central Zone, starts in November and goes for four months.
IMHO this is the most underfollowed / undervalued "golden puppy" listed on the ASX. AQm overweight on my holding.
Mine Site Design and Planning, page-12
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add AUC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
57.0¢ |
Change
0.015(2.70%) |
Mkt cap ! $200.4M | |||
| Open | High | Low | Value | Volume |
| 56.0¢ | 57.5¢ | 55.5¢ | $82.23K | 146.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 17195 | 56.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 57.5¢ | 25196 | 2 |
View Market Depth
| Last trade - 15.03pm 01/11/2024 (20 minute delay) ? |
| AUC (ASX) Chart |