Hi Freehold. Thankyou for this forum and your efforts in...

Hi Freehold.
Thankyou for this forum and your efforts in promoting it. Greatly appreciated.

long AUK Auger Resources:

Auger is overdue to announce a JORC resource for a porphry gold copper deposit at Wonogiri in Indonesia. SP is nudging up from lows.

AUK will earn 80% of this project. They have had some significant drill holes. Eg..222.0 metres at 0.95 g/t gold and 0.20% copper (1.31 g/t gold equivalent) .

AUK has 175m shares currently. Sp has a 12 month high of 48c and is now trading at 4.6c. It reached a low of 3.3c on 28th June.

I believe AUK compares favourably to Robust (ROL) with 77% of Romang – a 33.5mt low grade resource .5gt Au and 17.7g/t Ag. ROL is trading @ 85c with 80m shares. Also (SIH) Sihayo 700m shares 19mt 2.7 g/t Au trading @ 13c.

Liquidity is an issue. Buy/sell gap on Friday was 4.4c buy and 6.4c sell.

I believe AUK can unveil a resource around 30-50 mt at around 1g/t Au + Cu credits. AUK should then be multiples of current sp).
Nicto