My conceptual guesstimate is that JORC will exceed 2M ounces at 1.25-1.5 g/t au, all at shallow depth of approximately 170m vertical depth (including Jinkas South and North Jinkas). Drilling is still quite limited, I believe it is 2 drills, and finding cost (per ounce) is very low. The entire Central Zone extends over 7,500m for very significant upside PLUS over 40 local targets.
IMHO AUC has massive conceptual upside of 3-5M ounces of low cost gold ore PLUS a slew of other high grade projects in the area that have CHN / DEG type potential. So conceptual upside is 5x-10x -15x???
Updated JORC, page-3
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Last
3.4¢ |
Change
0.001(3.03%) |
Mkt cap ! $91.15M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.4¢ | $66.34K | 1.951M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 3318742 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.4¢ | 209000 | 1 |
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| Last trade - 11.33am 04/07/2024 (20 minute delay) ? |
| AUC (ASX) Chart |