Ann: Production to commence at historic Victorian gold mines, page-126

Does AUL own it's own drill rigs?

Does AUL own it's own charge up wagon?

Does AUL own it's own shotcreter.

Does AUL own it's own dump trucks?

Does AUL own it's own loaders?

Does AUL own it's own grader?

Does AUL have it's own gen sets, or rely on "on grid power" ?

Are they contracting all this work out?

Someone with infinite more knowledge than myself suggested

that as staff costs are  a part of producing gold, I shouldn't have used

them "twice"in my calcs of producing an ounce of gold. I didn't.

NOWHERE in past/previous or current qtrly anns has any money been

spent/allocated for "production".

And speaking of money, if $800,000 is staff costs, (plant operators),

and $300,000 is Admin and corporate fees, they have the highest paid staff,

and lowest paid directors, company secretary?

company secretary, $15,000 ?
ASX fees, $7,000
office rent, $18,425
telcos, $2,000 ?
electricity, ?
car hire/lease, ?
advertising. ?


Doesn't leave much for Directors fees, if that is the case.

Staff costs for Dec. qtr. when they weren't producing were $445,000

and now, current qtr. jumped to $800,000 with production

to commence only in the last 1/2 of this qtr.

Just how much does a plant operator get paid? $100,000 p.a.?

Sounds like a LOT of staff to run a plant that processes

340 wheel barrow loads of dirt per day.

So with projected outgoings of $2.1 mill this qtr.

where is money for drill and blast, carting the ore, etc. etc coming from???????

Will they be using cyanide, carbon in processing the ore?

Development covers cost of extending drives, for accessing the ore,

but not actually mining the ore.

AUL hasn't allowed ANY cash for mining, that we can see, very odd.

9. Estimated cash outflows for next quarter $A’000
9.1 Exploration and evaluation 300
9.2 Development 700
9.3 Production - (BIG fat zero, 3rd qtr running)
9.4 Staff costs 800
9.5 Administration and corporate costs 300
9.6 Acquisition costs -
9.7 Total estimated cash outflows
* 2,100

For those that have never worked underground, here is a list to help understand

the meanings of terminology used.

http://s1.q4cdn.com/259923520/files...ommunity/other_correnso/glossary-for-CEPA.pdf

AUL offices look more like a resort hotel, with rental at around $1,400 per. week.

​