I've been looking at AUK for some time.I know a few here dont...

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?