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Short Term Trading Week Starting: 06 May, page-15

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valen1828

17,267 Posts.

196

06/05/24

22:17

Post #: 73693557
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Originally posted by aceryx ↑

STTCOMP AWJ FA LONG
Auric Mining Limited 16.5c
MC $25M

Gold based exploration company that is currently mining gold
Price being pushed down for a couple of days now as its at a low of 16.5 as of writing.

Key points

First gold sales expected in Early May

Top 20 holders hold ~40% of shares.

31st March - 99% of options exercised at a 15c exercise price.

4.1 million in the bank (in latest quarterly) so no capital raise coming soon.

Assests

Jeffery's Find Gold Mine - JV with BML to toll mill 300,000 tonnes of ore at Greenfields Mill - 50/50 JV split.

Mining recommenced in Feb 2024.

Munda Gold Project - Drilling program completed with assay involving high grade intersects - 1m @12.03g/t, 3m @ 10.77 g/t 7m @ 2.28g/t Au gold

First official tip, let me know if there is anything wrong with the formatting or any advice appreciated.

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Looks all good to me
aceryx

Best of luck .

And welcome to the thread if no one has before .
7 Upvote

0 Great analysis

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