AUL 7.25% 32.0¢ austar gold limited

Owners of the A1 mine down the road prove the naysayers wrong by...

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    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.
 
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Currently unlisted public company.

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