a timed an entry very well recently on a struggling gold...

a timed an entry very well recently on a struggling gold prodcuer ABU that was down in the dumps and am hoping to do the same here as I see AYC a similar high risk but high reward gold production play


Execution risk of them delivering what they think they can is the biggest risk here but if they can deliver their stated plans the rewards will be enormous

they were forecasting or rather hoping and praying to produce 80kozs @ AISC of $900 AUD/oz
At the current Oz gold price of $1750 AUD = $68m in free cash flows or operating profit = 13.5c Undiluted per share


This is an underground mine and narrow vein I believe and these Victorian deposits are like an Elephants Graveyard so the risks are very high but so too are the rewards so in for a punt