AUL 7.25% 32.0¢ austar gold limited

Ann: Rose of Denmark Trial Mining Reconciliation, page-9

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  1. 800 Posts.
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    Howdy t


    No real point really as he claims he is a "skeptic" and "personally" reckons AUL have to drill up a 10+ gT resource which is just, after all, a skeptic's personal opinion.


    Due to the nuggety nature of the resource, AUL have already stated in the past (from historical mining records) that the uplift from drilling to mining can be up to 10 fold...that being 1 gT drilling can actually result in up to 10 gT once mined.  Therefore, claiming that AUL have to "drill up" a 10+ gT resource "to have any hope of making $$" which could be an uplift to 100 gT is just an outlandish claim for mine.


    I will take an experienced geo and a mining expert's educated and reasoned opinion over a skeptics personal opinion any day.


    You going to the AGM t?


    Cheers The K

      

 
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