AUL 7.25% 32.0¢ austar gold limited

Ann: Production to commence at historic Victorian gold mines, page-193

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  1. 1,204 Posts.
    lightbulb Created with Sketch. 105
    I'm afraid that that figure cant be verified as it came during a private conversation with Nick Garling just after the collapse of the company.
    It went along the lines of 'Mal, we needed 8g/t and were getting 2. '
    Now I know you will doubt the veracity of my relating the conversation but quite frankly I really dont care if you believe me or not.
    All the 'downrampers( read realists)' arent here for you but to counterbalance your constant ramping for those who drop in. If they only had your posts to consider it may cost them their investment.
    Do the maths on tons, grades, recoveries that can be expected vs predicted costs stated in the quarterly and admit that breaking even is merely a pipe dream.
    If you dont either your maths isn't up to scratch or you are being deliberately misleading.
    Which is it old chap?
 
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