AUK 16.7% 0.5¢ aumake limited.

Anyone have any opinions on the recent results (Homerville -...

  1. 1,955 Posts.
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    Anyone have any opinions on the recent results (Homerville - Dratoz???)

    The copper is looking kinda nice, not Sandfire nice but nice nonetheless. Probably gonna have more copper here than at Yeoval.
    e.g. if we have
    300m strike x 200m vertical extent x 36m width = 2,160,000m3
    SG of 2.8 (probably more than that in reality)
    = 6,048,000 tonnes @ 0.89% = 53,827t Cu
    worth about US$355M - not bad - especially if the ore starts shallow.
    The standard "IGV rule" of 5% would value AUK at 21c for
    the copper alone (If my calcs aren't BS)
 
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