AUL 7.25% 32.0¢ austar gold limited

That grade is not going to cut it, even though it is easily...

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  1. 9,999 Posts.
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    That grade is not going to cut it, even though it is easily accessible. This was always a 50/50 shot for this particular reef and now that is down to probably 20/80. It was a good option for a ST target IMO.

    The sellers were obviously easily spooked as there is plenty on the horizon

    "o A drilling program is underway on the highly prospective Maxwell Zone on Level 7
    o Additional drilling planned to test the higher grade Northern part of the Stacpoole
    Zone
    o Additional processing is underway of stockpiled material from various old
    workings, including from the Maxwell zone and other prospective development
    areas
    o Preparation for processing of the Rose of Denmark material currently being mined."

    I am most excited about the fact that they are due to process material RoD, which you can pretty much bet is profitable as they have drilling data to target areas.

    Get em while they are cheap IMO.
    Last edited by vertigo: 03/07/18
 
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