AUL 7.25% 32.0¢ austar gold limited

AUL is now a Gold Producer, page-5

  1. 386 Posts.
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    No error in my cals sting1 - well aware of the grams vs ounces

    Street value of $10M was referring to the value of the gold produced. Using your figures: 26,766 oz = 73 oz per day. For the 74 days of production in Q2 (after start on 18th April) equates to 5,426 oz produced in Q2. You could sell that at today's prices for around $10M. Definitely not expecting to produce that much in the first couple of months of processing considering they are grading/ setting up for Q3's "cash flow positive" first quarter. Just demonstrating the capacity of the 80,000t plant at 10g/t.

    What would you except the market cap to be if the profit is $0.0089 per share (just less than a cent). Note current share price of $0.01 (just one cent) with a market cap of ~$18M.
 
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Currently unlisted public company.

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