AWJ Auric Mining

[silverblizzard888]

I’ve had a look at the stock Miner and its a great find. Have to say its really building towards something great, especially with the gold price being so high and them being in production. Management have proven they can execute and best of all they are self-funding.

Current production is at Jeffreys Find, which is an end of the life mine with 12 months of mining still left in it, but enough to generate more than $10 million in NPAT in 2024 on top of their $4m in the bank, enough to fund their next project. With a little more mining in 2025 that should add another couple million dollars to the bank before they finish up.

Munda is the next project expected to produce 100,000 ounces of gold in its lifetime of 3-5 years, with a small trial pit starting end of the year or start of 2025. On average if they produce 20,000 ounces a year at the current gold price they will net $30 million before tax, though they will be committing millions in exploration cost on their other future projects. After tax and exploration expenses if they end up with $15-$20 million in NPAT on their current $29 million market cap in 2025 you’d be pretty happy. With near term production in Munda and all funded from current profits from Jeffreys find, theres a lot to like about the company.