None of the above information is good for my investment; nor is the first of the following extracts from the ann - but I post it nevertheless out of frankness.
# 'The Wodger Prospect, where the best copper intersections have been drilled to date, was first defined as a gravity low anomaly. This anomaly is now interpreted to be due to preferential weathering at surface above a zone of low-grade Cu-Au mineralization.'
# 'There is little doubt that a copper-gold mineralising system is present at Wodger. Further work is required to understand and develop the geological model before advancing to the next phase. North of the interpreted reverse fault at Wodger (Fig. 3) which appears to offset the mineralisation, there remains potential to discover further high-grade mineralisation as intersected in WDRC005, 17m @ 3.41% Cu (ASX announcement 17 July 2017).'
Do these statements together mean that where they have drilled deeper at Wodger is not worthwhile pursuing? I think so! It's all been very disappointing for everyone I think.
Those AUROB at 12c expiring in 140 days look to be terminally ill at this stage.
AUR Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
