AUK 16.7% 0.5¢ aumake limited.

run out of buyers, page-6

  1. 244 Posts.
    Let us know what you come up with OSR!

    A bit of other searching through the net (beyond the reports) will get you the mispec results, and from memory (don't hold me too closely to it) the 'resource' (not JORC compliant then) at Jpang was worth about $10m at about $300 oz. Over ten years ago. That's why I thought it looked a good deal. Plenty of additional results now with some good grades to add to the picture.

    Company announcements all seem surprisingly positive on holding Jpang.

    On the turds, I think Indo might be more positive, since as I understand it there were changes to legislation in foreign ownership for mining just around when gold started to fire a couple of years back.

    Wgiri is a case of wait for results. For me, the big thing for Jpang is what's plans for the mill. Option 1, dump the lot. Looks incresingly unlikely. Option 2, throw a mil at it and take 50% small fry profits quarter by quarter. Keep drilling and see what comes up. Option three, CR or other funding to build a more significant plant. We'll need to see a bit more before that becomes an option, like a JORC resource and a feasibility study and pit design perhaps, but last time I asked this was looking possible.

    Perhaps you'll dig up some more from the AGM ...

    COLCOM

 
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