AUL 7.25% 32.0¢ austar gold limited

The next 10 bagger??, page-122

  1. 554 Posts.
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    I like the opportunity to mine some gold for cashflow, paste-fill some old voids and get into taking the rest of the gold outside the former 20g/t (!) cutoff that used to apply, in addition to stoping new areas in the right mine area historically (not like the previous owner). Some question of maximum production profile in that report, but that was as it was with a previous plan that didn't look like working, not going forward.

    Plus the known positive reconciliation of stoped gold vs exploration drilling.

    Not much to not like about AUL - pieces look like they have finally came together. Most important to me is recognising and using old information WITH new definition drilling. Says to me it'll not be a screw-up.

    Another thing I haven't seen much about is the specifics of the mill plant. I'm sure they will not make the same mistake as the previous owner and have sorted it out for the hard rock.
 
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