AUC 0.00% 43.0¢ ausgold limited

Happy to stand corrected! I prefer a thorough DFS with...

  1. 3,158 Posts.
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    Happy to stand corrected! I prefer a thorough DFS with comprehensive drilling, not a piecemeal approach. The DFS will demonstrate whether they are serious about all this or not.
    I watched the media blitz vids again and it seems to me that management have a firm plan. Dorward said himself that the company was hand to mouth, but with the new money they can get to the FID.
    They want to find a high grade satellite pit to complement the main pit, and don’t feel the need to over drill the main zone at the moment. It seems the main plan is to drill the highly prospective zones to create value and provide high grade ore to the early production.
    I get the sense that the company will be run for the benefit of the few shareholders. If one can hang on for 3 years, the rewards should be decent!
 
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