Sorts out short term cashflow, or plugs the solvency gap for the quarterly. If if if Stacpoole DEVELOPMENT does grade fine (after the amount of gold in the dore has been determined from final processing - not site processing), it could be the short term funding that sees the show through to a positive cashflow in the near future.
We'll see. Pointy end of the operational transition to producing or contraction back to exploring with bulk sample process to dore capability...
Aurifice doing a good job of tempering the optimism fever! I still remain confident that due process has been followed to even permit the development because as I have always interpreted this, they have intentionally exposed via 4 development drives/rises and were to choose the best of their return samples from development for bulk sample; to me that means they will be bulk trialling and that should have been entirely led by what we were told about geo face sampling. If they've developed waste and then gave a go-ahead to bulk trial even I'll be joining the ASX complaints list due to being misled and them not following due process that is typical at any mine.
My prediction? Satisfactory but not stellar grades (25g/t moonshot stuff) and trial to go ahead as planned. We'll than see if they can mine profitably... much more difficult due to some problems Aurifice has more than covered to do with grade and it being a relatively flat section to try to mine and scrape.
AUL Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
