Scoping Study included a draft proposal for an open pit with process plant (including an initial assessment of metallurgical recoveries for gold) and all supporting infrastructure. This was all based around a 1.2 million ounce resource utilizing a spot gold price of A$2,000 and ASIC of $1,615 to produce an IRR of 28.2%. Current gold price is above A$2,675 so the IRR would be through the roof.
IMHO AUC is drilling out a resource with conceptual potential of 2-3 million ounces within a gold camp that could host a bulk mineable resource exceeding 8 million ounces of gold (see earlier post on tonnage potential guesstimate containing 1.4 billion tonnes, where 250,000 million tonnes hosts +1 gram per tonne gold). I am stunned that investors continue to dump AUC at these levels. I am heavily overweight AUC. Good luck to all longs
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50.0¢ |
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0.010(2.04%) |
Mkt cap ! $178.1M |
Open | High | Low | Value | Volume |
49.5¢ | 52.0¢ | 49.5¢ | $461.7K | 908.9K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 5733 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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51.5¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 49900 | 0.495 |
1 | 10101 | 0.490 |
1 | 2000 | 0.485 |
1 | 3896 | 0.480 |
1 | 4000 | 0.475 |
Price($) | Vol. | No. |
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0.515 | 50000 | 1 |
0.525 | 15000 | 2 |
0.530 | 1520 | 1 |
0.540 | 4000 | 1 |
0.550 | 53500 | 2 |
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