AAJ 13.3% 1.3¢ aruma resources limited

Seriously ? i think the guy hit the nail on the head ...... it...

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  1. 419 Posts.
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    Seriously ? i think the guy hit the nail on the head ...... it wasn't downramping at all , merely stating a fact.
    You do realise that with the figures quoted ( and i'll use • 5m @ 1.24g/t Au from 88m in hole SDRC98 as the example ) , it would take 22.5 Tonne of material to produce 1 ounce of gold , i could be wrong but to me thats pitiful. I'm happy for anyone to point out why these results were good if they can put some proof behind it , maybe i don't understand the tech stuff or maybe i'm missing something. I've been following this stock for about 6 months , wanting a reason to buy in but this ANN really doesn't give me any reason to as far as i can tell. I'm not wanting to come across as a hater or downramper because i'm really quite neutral but some of you guys making "wow" statements and trying to put on spin that the results are decent are either kidding yourselves or as stated maybe i know nothing and don't understand why they are good results. Compare the results below from another junior minor with a market cap of about 10.5 mil and a share price only slightly higher than AAJ.The difference in the result are actually quite staggering ..... take the first line of both , the 6M@ , the other company is getting 37times (37 X ) more gold per tonne than you guys are getting , i think this tells most of the story.
    Look , good luck to you all and i hope you all make a great profit from this one day soon but myself i can't get enthused about this at the moment.

    These were quoted as the best figures for AAJ.

    • 6m @ 1.06g/t Au from 91m in hole SDRC80
    • 5m @ 1.25g/t Au from 110m in hole SDRC91
    • 5m @ 1.24g/t Au from 88m in hole SDRC98; and
    • 6m @ 2.43g/t Au from 15m; within a broader zone of
    • 15m @ 1.1g/t Au from 6m in hole SDRC68 (which was previously reported in ASX announcement, 6 July 2018).

    --------------------------
    Compare that to the following

     6m @ 39.5g/t Au from 54m at the Banner prospect (FHRC085);
     3m @ 11.09g/t Au from 93m, including 1m @ 29.3g/t Au from 95m at Fountain Head lode (FHRC062);
     1m @ 10.86g/t Au from 29m at Fountain Head lode (FHRC072); and
     5m @ 3.96g/t Au from 107m, including 2m @ 9.17g/t Au at the Tally Ho lode (FHRC076)
 
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Last
1.3¢
Change
-0.002(13.3%)
Mkt cap ! $3.997M
Open High Low Value Volume
1.4¢ 1.4¢ 1.3¢ $14.26K 1.041M

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4 391000 1.3¢
 

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1.4¢ 300000 1
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