AUL 0.00% 28.5¢ austar gold limited

I assume you mean this one?"I went over the numbers again and if...

  1. 11,416 Posts.
    lightbulb Created with Sketch. 350
    I assume you mean this one?

    "I went over the numbers again and if they are correct then a 1% stake will cost you around $60,000. In 4-5 years the 50/50 partnership expects roughly $1.2 billion in annual revenue. 1% of $600 million is $6 million, take away half for capex and opex then halve again for taxes and tariffs still leaves over $1 million per annum for 10 years in dividends. Seems to good to be true what am I missing?"

    Yeah, this was a rough back of the envelope calc based on the offtake agreement with TATA Energy, one of the partners in the Exergen consortium, the price of thermal coal and some pretty conservative deductions.

    Meanwhile, the 1% of holders with the attention span of a gnat have exited because shock horror we did not hit a massive strike of gold at Haunted Stream.
 
watchlist Created with Sketch. Add AUL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.