I've been looking at AUK for some time.
I know a few here dont like the grades but i'm doing a comparison with Robust Res. and simply cannot see why AUK is not trading at multiples of current sp.
ROL has a 33Mt @ .5 g/t Au and 17.7 g/t Ag. ROL has 80m shares for a mkt cap of $105m
Now i'm going to have a guess at AUK resource. I'm suggesting that AUK will come out with around 50Mt , around .9g/t Au and around .2% Cu. I believe that is an economic resource.
Its a guess and i'd appreciate others' assessments.
AUK does not need immediate cash and i would imagine they are hoping for an sp boost on the release of the resource (may? June?) before they raise more funds.
ROL has 77.5% of its resourse at Romang. AUK will have 80% of Wonogiri.
The recent sp fall has been on very small volume so i'm not convinced that recent sellers know anything.
I believe AUK is at a bargain price atm.
anyone like to comment?
- Forums
- ASX - By Stock
- AUK
- comparison with rol
comparison with rol
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)