Very hard to judge what’s profitable.
We have the processing plant at the mine. That’s the massive plus. The grades out of ROD are good and some areas are quite broad so bulk mining is looking possible.
The issue is that the area has nuggetty deposits so drilling can quite literally be hit and miss but previous mining in the area indicates a pretty large up scale of the gold from drilling results. For example Kenny’s has a narrow section of a drill hole at over 17,000g/t. Clearly hit a nugget right.
So the question is, how does it average out? Previous mining says it averages out very well but that’s not a given. They are drilling in areas the previous miners didn’t believe there was gold and there are some serious g/t results.
Stackpool looks light on with drill results but with potential upscale in trial mining, the results could well be in the money. I’m very interested in stackpool results. If they are in the money I think there will be some very good times ahead.
AUL Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held