* Whats is roughly the total JORC AUL holds now
No up to date Jorc but there is a previously estimated and reported gold Resource of 910,000 oz., including 726,000 oz. Au at 11.2g/t. At MS.
There will be NO Current JORC at MS or RoD in the near future.
It is far to cost prohibitive complying a resource such as MS and RoD for AUL at this stage.
* Was a bit confused with why they sold Granite Castle & Charter Towers for $400,000
They had a JORC of around 200,000 oz ?
They sold Granite Castle & Charter Towers to help advance MS and RoD this helped reduce dilution for loyal long-term shareholders
Management has kept spending to an absolute minimum while also keeping dilution as minimal as possible, management has also delivered on every directive made so far.
* Current interest seems: Rose of Denmark (ROD), but no JORC yet ? Expected JORC ? When ?
There will be NO Current JORC at MS or RoD in the near future.
It is far to cost prohibitive complying a resource such as MS and RoD for AUL at this stage.
* The New directors do not hold shares, but have options of $20 Million each ?
There are several entities with close ties to director's in the top 40.
I am sure there is some type of performance bonus on offer but don't know without looking it up.
* Cash in bank ?
Yes
They are completing the sale of Norton Queensland assets
They may need some more cash to finalize
MS trial mining IMO small CR to sophisticated investors.
* Morningstar project with a new 80,000 oz pa plant capacity, close proximity to ROD of 15kms is great.
Ore transport cost would not be very high.
Correct A1 is transporting ore to Maldon Central Victoria and making a profit.
* Morningstar, does it have gold, oz ?
Morning Star mine - historical production of 830k oz at 26.5g/t, and existing unexploited high grade zones.
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