I think production will be significantly under the 80kt p.a. for a fair few months yet - I haven't seen ramp-up or 24/7 plans and assume that figure needs ore from both mines. But, I would rather see less tonnes and historical higher grade = more profit for next 6 months while full production profile is planned and implemented in an organised fashion. I would be horrified if in such a small operation dilution was taken with such historically good ore and was masked in the name of tonnes, because early profitability is more important right now in the context of what was announced re. profitability.
I still want to see the fill strategy and what they expect that to release and it would be nice to know the status of underground infrastructure for fill delivery.
Impossible to value based on a production profile right now. I'd only be going off the bare bones lease/plant values which probably isn't far off current market cap. So much upside when there is any sort of consistent 3-5 year mine plan to pin a NPV on and that is what I'm here for, and the multibag that will bring if executed professionally and NOT RUSHED to please short goals. Really this is a 1 year accumulate and hold from now that recovery and fill plant has been tested and good to go (I got excited a couple of days ago at first scan over the Ann. at work and missed that the low grade test had already been done).
I'm hoping they get a good few hundred (500 or don't care if less at higher grade) tonnes of ore up to surface this week for processing next week. Results could come very quickly after 18th. Based on name-plate processing rate - really, could be a few days to process what they mine this week at a half decent historical grade, produce enough for a couple of gold bars and show us some nice gold bar pics by week starting 24th like any other mining start-up that has spent a sheet load or money and time during construction phase. This is as nailed on as anything can be as long as they get the ore to surface as they are airleg mining freaking high grade that has been sampled on geo control. Exciting times!
AUL Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held