Barman at woods point been talking again Fakeshark. Aul been trial mining and drilling for months . Thats True. Aul wanted enough gold bearing material to mine continuously . True also , aparently have near 1 million oz of the stuff. ???? Aul is going to target the higher grade resouce to generate as much free cash as possible. Thought they had already been doing that but havent had much success . like any new company it takes a long time to become proffitabl. be conservite with cash . How many on the theads here were saying that the trial mining was going to be proffitable. Quarterly staff and admin costs suggest things are not all that conseritive . If Aul can mine at a good profit and increase production this asx minow could be a mid tier goldminer which means it could be a 20 x bagger. Aul has a small plant and would need exeptional gold grade ( which so far has not transpired at the mill ) to ever produce mid tier amounts of production. Lots of producers out there that are mid ters that spruik low cost production. Make a small proffit or frequent losses that have market caps less than 10 x aul ,s 14 million. Loss making mid tiers have market caps of 2_3 times aul but also most have hudreds of thousand of oz of proved or probable reserves which is a class or 2 above AULs Inffered resource. Think this could easily double this quarter and thats conservative. Could also half , and i,m not kidding. Sorry to be MR negitivity but like to keep thing real and in perspective.
AUL Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held