AUL 7.25% 32.0¢ austar gold limited

Ann: Production to commence at historic Victorian gold mines, page-247

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  1. 16,136 Posts.
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    Gold purity/prices.

    Have been a buyer/seller of gold nuggets for many a year, and Victorian gold

    is generally regarded as one of the higher purity states. (around 95/96 %).

    STATE PURITY %
    1 Tasmania 92 - 98
    2 Victoria 92 - 98
    3 New South Wales 92 - 98
    4 Queensland 92 - 98
    5 South Australia 88 - 96
    6 Northern Territory 88 - 96
    7 Western Australia 85 - 95

    Using 95% as an average grade, if gold is $1,816, (todays P.M. buy price)

    1 oz of unrefined gold is worth $1,725.

    $55.47 per gram.
 
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