AUG- What's happening??

  1. 1,279 Posts.
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    Anyone know what's happening with the bankable feasability study on Morobe and which compinies are lining up to possibly bid for the project.

    I read the 'target statement' from last years takeover attempt by Sir ron briely and in the independant valuation report, it has a midpoint value of 35 cents per share for AUG's 50% share of Morobe assuming a gold price of $300.

    In the sensitivities section, it states the for a plus or minus 10% movement in the gold price, this affects the valuation of morobe by a whopping 47%.

    There's got to be more upside in the AUG share price one would think. Any ideas ??

    skippa
 
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