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Austral Gold Ord Shs AGLDF


Primary Symbol: V.AGLD

Austral Gold Limited is an Australia-based junior mineral exploration company. It is a gold and silver mining producer. The Company is focused on the acquisition, discovery and advancement of high-quality copper gold projects in the Americas. It owns 100% interest in the Guanaco/Amancaya mines in Chile and the Casposo-Manantiales mine complex in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, United States of America and a non-controlling interest in Ensign Gold which holds the Mercur project in Utah, United States of America. The Guanaco/Amancaya mines in Chile operation is in northern Chile in the Antofagasta Region, approximately 220 kilometers (km) southeast of Antofagasta City. The Casposo-Manantiales mine situated approximately 150 km northwest of San Juan City, in the Department of Calingasta, San Juan Province, Argentina. Its explorations include Triassic Choiyoi Belt, Indio Belt, and Deseado Massif.


TSXV:AGLD - Post by User

Post by DoughBoyson Apr 10, 2020 12:06am
203 Views
Post# 30896609

13.9M Q1 cashflow, 17,159 GOE production

13.9M Q1 cashflow, 17,159 GOE production

Guanaco/Amancaya operating at 75% capacity during this COVID19 situation, exploration halted until at least April 12th.

Even if they can achieve 45,000-50,000GOE production with COVID19 assuming a $500/oz profit with the 559M outstanding shares that's about 4 USD cents a share earnings, or about 5.5 cents CAD.

What multiple will this thing trade at once money rushes into gold? Futures are only 10% from their all time highs.

Even if it trades at a P/E of 5 this stock will trade over 25 cents CAD.

GLTA.

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