AUL should acquire A1 goldmine, page-15

First 15 Last

Share
Profile

Follow
03boz

2,111 Posts.

68

24/03/19

19:57

Post #: 37867614
Share

Originally posted by mal230355: ↑

Ok Krum here's a few points to consider.
Why do you think A1 came to a deal with ORS to process their ore when MCOs gravity plant was 10k down the road? Why the hell would you truck your stuff all the way to Maldon? .
I'll let you ponder that one for a while.

Now to your point at owning every failed mine in the district is desirable. Its not a game of I'm the king of the castle or who has the biggest ego. Owning something for the sake of owning it is not the way a prudent manager would act.
Flying crews , specialists moving from mine to mine. Sounds like an expensive exercise for a company, which to any unbiased analysis, is struggling to remain solvent.
Can high grade, sounds like hand sorting to me and you would struggle to keep up any meaningful supply for the plant, imo.
No cap costs. But RUNNING costs even only to keep on care and maintenance.
Its oportunistic and should be considered asap! Yep and discarded as a stupid idea asap!

The answer to the processing question........... is that A1 ore needs to be put tnrough a CIL plant. How much to build one, where would they put it?
Quite frankly I am amazed that you could push this outcome when seemingly you know nothing about the A1 mine.
Just to add, A1 produced at a better grade (30g/t) than MS yet Centenial could barely get 10% of that but supporters here continually refer to Ms historical average and expect it to return similar grades!

Expand

I find it hard to believe you constantly discredit the idea that a totally new undiscovered reef can return historical average grades using modern processing.

It's totally feasible IMO.
I guess we'll just have to wait for the results.

Last edited by 03boz: 24/03/19

AUL Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

Trump is President Again: What Does This Mean for Crypto?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

MLS

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

HotCopper Highlights: Your most watched and most discussed stocks this week

MLG

Flynn Gold reaches milestone exploration target for Golden Ridge

INA

Imugene kicks off Australian trial for blood cancer treatment

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 10 more messages in this thread...

First 15 Last

Add AUL (ASX) to my watchlist

AUL should acquire A1 goldmine, page-15

Top Stories

Trump is President Again: What Does This Mean for Crypto?

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Universal Biosensors flat despite fresh deal with US medical product distributor

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

HotCopper Highlights: Your most watched and most discussed stocks this week

Flynn Gold reaches milestone exploration target for Golden Ridge

Imugene kicks off Australian trial for blood cancer treatment

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited