Owners of the A1 mine down the road prove the naysayers wrong by announcing...
" If the Company can achieve a grade of 4.5 g/t+, it has the potential to generate 5,000 oz to 5,400 oz of gold production per quarter, which with A$ spot gold price at circa $1,850,would imply revenue well ahead of the cost experiences of the Company."
For A1 4.5gpt is profitable, not just break even when pog is $1850, looks like I underestimated the margins. This means that even the ore mind from ceiling of RoD looks to be profitable.
AUL Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held