AUL 7.25% 32.0¢ austar gold limited

Ann: Production to commence at historic Victorian gold mines, page-260

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  1. 16,136 Posts.
    lightbulb Created with Sketch. 53
    Processing should have been happening for at least one week by now,

    if not longer.

    No ann. saying that they have started, but also no ann. saying that they haven't.

    When we finally get to see their latest ingot, be wary if they DON'T specify

    EXACTLY how many days milling it took to get the gold.

    Based on AULs qtrly (production figures, and cash out flows),

    they need to pour 26.6 ozs per day, for each day of production.

    7 days of production should be 5,789 grams.

    Any less than this, would mean they're in the "red",

    and would need to slash costs, somewhere.

    Be nice to see figures in excess of that, but with not even

    a hint of what's happening, not looking good.

    I'm suspecting grades and recovery are not up to expectations.
 
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