AUC 8.00% 2.7¢ ausgold limited

Hey coto,Here's my back of a beer coaster rough (but very...

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    Hey coto,

    Here's my back of a beer coaster rough (but very conservative) calcs:
    1. Mineable Au = 2M oz
    2. SOI = 2.30B
    3. PoG = $A 3000
    4. Assume AISC = $A 2000/oz
    5. 2.3B/2M oz = 1150 shares/oz
    6. Implying 1 sh = 87c gross
    7. Applying 80:20 rule, 1 share = 17.4c net
    So, yes I agree with you, AUC represents very good value atm.
 
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