AUL
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7.25% 32.0¢ austar gold limited

Ann: High-Grade Intersections at the Morning Star Gold Mine, page-19

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  1. vertigo
    9,999 Posts.
    lightbulb Created with Sketch. 107
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    06/12/18
    11:24
    Post #: 36769441
    In a word no, and it comes down to the grade. It cost the same to remove X amount of tonnes of ore but if the ore contains twice the gold then there will be twice as much gold to sell. Their grade is 4.5g/t which why it is used as a break even figure here.
    AUL Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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