AUC 4.44% 43.0¢ ausgold limited

why does this sp look say 50% overpriced?, page-7

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    BentCopper,

    Do you mean that are JORC reserves, or what are AUC's booked JORC reserves? The first is easy from a google ssearch, the 2nd comes from their presentations.

    They have a historial JORC reserve of circa 250k ounces I think which was only from Jinkas, but now proven to have only been a small area of Jinkas and only from memory down to circa 30m in depth, though AUC have now gone down to 100m.

    Dingo potentially goes as deep as 150m.

    I think a jorc reserve figure will be provided later in the year.
 
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