AUC 4.44% 43.0¢ ausgold limited

I'll admit that I have only had a 5 minute look at PXG and they...

  1. 888 Posts.
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    I'll admit that I have only had a 5 minute look at PXG and they do look interesting, but to say they have JORC compliant and AUC don't is wrong. Just because AUC aren't updating their finds every couple of months doesn't mean the assets aren't there and haven't been discovered. The way I see it is that they are just pottering around, doing what they do best and will take their time with the JORC, its coming, its just when is the question.

    I think AUC's opportunity is potentially much bigger than PXG from what I can see in the PXG presentation, and this is not only for Katanning but I like the blocks next to Sandfire and also Krakow.

    The Katanning resources and surrounding areas seem to have higher g/t ratios than that I can see in PXG.

    Whilst they are both good prospects, I would argue that PXG are under valued compared to AUC but I see a large JORC resource upgrade coming in the final quarter over here and with higher g/t this will be more productive I should think, hopefully leading to greater margins.
 
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