AUN 5.26% 3.6¢ aurumin limited

News: AUN Aurumin Says New Tenement Granted for Sandstone Gold Project, page-34

  1. 348 Posts.
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    One of the really huge things to note, is that any small Gold junior might have to spend around AUD $80 to $100 million on a processing plant. In comparison, we may only have to spend around $15 m AUD (guestimate) to refurbish ours. Imagine the potential dilution AME (for example) might have to go through to build a brand new plant. Either that, or take on huge debt? In comparison, we are in a completely different scenario, with a far more realistic path to production that many juniors. And that's what attracts me to AUN.

    IMHO
 
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