my reasoning for buying auz

First let me establish I lost a fair bit of cash on AUZ a while back. Couldn't believe that they could lose a tonne of money in a nickel boom. I therefore think that it is a good sign that I have bought back in.

All indications for the short term look excellent, including:

* Higher nickel grades this quarter ie greater production
* Lower costs of production due to higher output
* Record nickel prices and
* Feasibility work into an open cut gold resource at Duplex Hill

So given this the quarter should be very profitable. Guesswork only but mayby $1 mill - not bad for a company with a market cap of 11 mill (1.5 cash in the bank) and a potential viable gold resource.

Could be a good option for the next couple of months although it tends to be a daytraders plaything.

Any thoughts on profits this quarter or how much cash the gold could spin out?


Mookie.