Thanks for your detailed response. Appreciate your knowledge but...

First 49 Last

Share
Profile

Follow
ThePig

568 Posts.

61

01/07/18

20:51

Post #: 34069437
Share

Originally posted by aurifice ↑

If I were to consider an entry I would do so after it could be demonstrated that a resource of economic grade is available at RoD with sufficient tonnage to sustain consistent production for at least twelve months at an acceptable aisc. The resource need not necessarily be JORC compliant as this level of confidence requires extensive drilling which comes at a significant cost. This time frame would allow ongoing drilling to replace and extend the resource as it is depleted by mining. The main access at RoD is at creek level so any resource below that level requires haulage whilst any above has Mr Gravity to assist. The internal shaft would require dewatering and full re-furb but it’s mere existence is a huge plus.
The foregoing means nothing without numbers attached to grades and costs together with a myriad of other considerations.
If the company were to progress and have success along these lines the share price will rise in sympathy (subject to dilution due to capital raisings etc) and I might consider that I have missed my entry point.
Having said all this I have rarely, if ever, in recent times seen any similar project in the eastern Victorian goldfields progress to the stage of paying shareholder dividends. I AM NOT down ramping - just calling it as I know it.
If RoD can continue to display promising results there is every prospect of a better share price but tempered by capital raising dilution.

Expand

Thanks for your detailed response. Appreciate your knowledge but as a holder I hope that it delivers!

AUL Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

TYX

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

RBL

Recce scores $6.75M R&D rebate

HUM

Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

There are more pages in this discussion • 53 more messages in this thread...

First 49 Last

Add AUL (ASX) to my watchlist

Thanks for your detailed response. Appreciate your knowledge but...

Top Stories

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Cyclone signs MOU with Vale for development of Iron Bear play

Recce scores $6.75M R&D rebate

Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain