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clock Created with Sketch. 05/02/19
09:12
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Originally posted by vertigo:
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"Aul is going to target the higher grade resouce to generate as much free cash as possible. Thought they had already been doing that but havent had much success . " "Quarterly staff and admin costs suggest things are not all that conseritive ." "Aul has a small plant and would need exeptional gold grade ( which so far has not transpired at the mill ) to ever produce mid tier amounts of production. Lots of producers out there that are mid ters that spruik low cost production. Make a small proffit or frequent losses that have market caps less than 10 x aul ,s 14 million. Loss making mid tiers have market caps of 2_3 times aul but also most have hudreds of thousand of oz of proved or probable reserves which is a class or 2 above AULs Inffered resource. "
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You really believe that AUL can achieve 20 ,to 30 grams from McNally over a year to get 67000 oz. correct me if I,m wrong which I,m sure you will , but I believe that at it’s hey day in 3 oz head grade Morningstar was producing at best 30 000 oz a year. On hand sorted ore . You think it’s possible to over double this . IMO on the drill results from McNally so far even on 10 fold grade factor . It’s impossible.
