AUZ - Australian Mines

[Stumpynuts]

Any thoughts?

[shasta]

Any thoughts?

From last quarterly

http://www.stocknessmonster.com/news-item?S=AUZ&E=ASX&N=489757

Resource of around ~200,000/oz Au (at a low grade of 2.0g/t)

Around $2m cash

Oh, & around 7 BILLION shares on issue!

Woof Woof

Avoid

There's already a thread for AUZ, use this one

http://www.sharetrader.co.nz/showthread.php?4746-Auz-Australian-Mines-Limited/page7

[geezy]

Nickel turned Gold explorer , wonder if they are going to re-mine their nickel since prices are up again

[STRAT]

Woof Woof

Dunno Shasta. Market cap 6 mill.
They wouldnt have to do much right to see some sp improvement lol.

Any price rise would start at +100% but there is quite a cue for some at 0.1c


of course next step down is zero :scared:

[shasta]

Dunno Shasta. Market cap 6 mill.
They wouldnt have to do much right to see some sp improvement lol.

Any price rise would start at +100% but there is quite a cue for some at 0.1c


of course next step down is zero :scared:

They have cash so wont go under yet, but aren't producing as there cash costs exceed there income

Which has always been there problem, too smaller scale