Just doing some reading and found this freshly minted list on corporate activity in the Australian gold sector.
I did post a while back discussing ABUs numbers - Ann: Quarterly Activities and Cashflow Report
Remember that ABU is now a producer and basically owns the plant (will cost them another $3 million in 12 months to purchase it outright). Right now, ABUs EV / Resource is approx $17. No reserves yet, but... even if we were only able to prove up say 50% of Old Pirate to JORC status, that would give us 320k ounces, with an EV / Reserve of $190, which is actually quite cheap when you take into account that the profits to be generated are proportionally larger per ounce compared to its peers...
Perspective
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