AUL 7.25% 32.0¢ austar gold limited

Originally posted by Krum1 So you are accounting for dilution,...

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  1. 9,999 Posts.
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    Originally posted by Krum1

    Hi Vertigo, I did not intend to attack you. So, my point is that I agree that for a mineRoD and for that matter MStar and A1, I do believe that a head grade out of the mine will need to be around 6g/t and to deliver that including the dilution necessary to mine it at sufficiently low cost then a Resource grade of 10g/t may be necessary. I say that from experience. To support that I am the ex MD of Mantle.

    What you might have forgotten is that the old JORC grade of MStar was near 20g/t and near 1mill oz. That’s why I acquired it. Yes that’s mainly at depth. But Tom and his team now have a major chance to get the old MCO portfolio to serious succes. He is building the inventory and confirming the grade uplift.


    i am a supporter and will soon buy in again.

     So you are accounting for dilution, how are you accounting for the nuggetty nature of the ore and the ~200% uplift as reported?
    Last edited by vertigo: 26/11/18
 
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