"Be nice to know minimum and maximum amounts the company thinks is there and get some results to back it up ." -------------------------------------------- You know as well as I do that the company is unable to supply this data due to JORC restrictions (which has all been explained before).
I am sure the team have a pretty good idea of what is the potential of these reefs (hence recommendation to the AUL BoD to commence mining/production), but are simply unable to publicly announce that unless they spend a shed-load more on drilling which they will not due to the very nature of these reefs and cash conservation. I believe they are drilling enough to support the geo's interpretation of the ore body to have enough confidence on beginning/continuing to mine which is a prudent and pragmatic approach. I am sure as production results occur, these will in turn either support continued mining or not. If they do, then mining will continue. If they don't, well I assume mining will stop and sensible re-evaluation will happen.
Having said the above, it is has hard to fathom how AUL reporting that there is an extension to a reef of some 40m or more and stating an encouragement of significantly more gold is a negative.
The K
AUL Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held