Nice reboundStock is looking good to rebound off a multi day smattering of bearish intent.
One hole assay pending.
Management has proven time and time again this deposit is much larger than the drills have yet defined.
So rare to take 250m step outs on existing resources and hit several zones of mineralization where management predicted they would be.
The gold is there, now management just needs the funding or the partner to go and define it better.
Rare circumstances to be able to buy an under valued asset in a top down bull market for the commodities they search for.
This company has serious miners on the balance sheet. With gold and silver breaking out and soon to be 2-2.5moz Aueq on their balance sheet. These prices will be short lived.
Gravel Creek - 960koz @ 5.5 g/t Aueq.(Bulk Underground Resource)
Wood Gulch - 105koz @ 0.74 g/t Aueq. (From Surface Open Pit)
Doby George - 525koz @ 0.93 g/t Au (From Surface Open Pit
Total Resources - 1.59moz Aueq.
Q1 2024 Resource Upgrades
Gravel Creek - 35+ New intercepts at 5+ g/t Aueq. to be added to resource
Expected increase - 250,000 - 500,000oz + 0.1 - 0.4g/t grade increase
Doby George - 25 New intercepts at 1+ g/t Aueq to be added to resource.
Expected increase - 200,000 - 300,000oz + 0.1 - 0.3 g/t grade increase.
Potential Resources @ Q2 2024
Gravel Creek - 1.21moz - 1.46moz @ 6 - 7 g/t Aueq.
Doby George - 725koz - 825koz @ 1.03 - 1.33 g/t Au.
Total Q2 2024 Aura Project Resource projection
2.04moz - 2.39moz at mineable grades based on planned mining formats (Open Pit + Bulk Underground)
PEA Doby George and PFS Gravel Creek will begin to disclose the robust economics for future mining formats as well.
In a market making new all time high gold prices. Data like this, does not compute with $20m valuation. It computes with $75m - $100m valuation. Setting up for 250% - 400% returns capable in $WEX for buyers getting in now and holding just 4-12 months.
Saw Raymond James joining the buying today. They were in the PP in June of 2023. Hope there buyers continue to average down in anticipation of this near certain future ahead.