AUT - Auteco Minerals

[The Triangle]

CR at a decent discount just prior to an updated MRE? Hmmmm.

I’m sophisticated so looking forward to my 5c shares.

I‘ve got a feeling these guys are mining the market until someone makes an offer.

View attachment 152483

Something just does not seem right. Continually lower capital raisings for supposedly one of the highest-grade resources in the world. 4.3 cents closed on Friday. It's so difficult to invest in ones like this where the composition of the board is more important that what is in the ground. Why isn't there a single tonne outside inferred classification? Why did First mining farm it out? Why aren't AUT doing flowthrough shares to Canadian investors? Not major issues but just little thoughts that stick in my head.

Previous estimates of pickle crow assumed a minimum mining width of 1m and had a grade of around the mid 3 g/t range. I find it rather interesting that an ASX company picks up a 100-year-old Canadian mine and nearly triples the grade in 2 years... I guess that's just how good this team are .

Ontario Mineral Inventory Record MDI52O09SE00007: Pickle Crow Mine, Howell Vein, Tarp Lake C,H,19

www.geologyontario.mndm.gov.on.ca

http://www.geologyontario.mndmf.gov.on.ca/mndmfiles/pub/data/imaging/MP004/MP004.pdf

I know this data is 60+ years old but not a good trend with depth, and I also don't think it's very good how hard I've had to look to find even basic information on the width, ounces by depth etc. etc. of this/these orebodies.

 

[Sean K]

Something just does not seem right. Continually lower capital raisings for supposedly one of the highest-grade resources in the world. 4.3 cents closed on Friday. It's so difficult to invest in ones like this where the composition of the board is more important that what is in the ground. Why isn't there a single tonne outside inferred classification? Why did First mining farm it out? Why aren't AUT doing flowthrough shares to Canadian investors? Not major issues but just little thoughts that stick in my head.

Previous estimates of pickle crow assumed a minimum mining width of 1m and had a grade of around the mid 3 g/t range. I find it rather interesting that an ASX company picks up a 100-year-old Canadian mine and nearly triples the grade in 2 years... I guess that's just how good this team are .

Ontario Mineral Inventory Record MDI52O09SE00007: Pickle Crow Mine, Howell Vein, Tarp Lake C,H,19

www.geologyontario.mndm.gov.on.ca

View attachment 153548

http://www.geologyontario.mndmf.gov.on.ca/mndmfiles/pub/data/imaging/MP004/MP004.pdf

View attachment 153550
I know this data is 60+ years old but not a good trend with depth, and I also don't think it's very good how hard I've had to look to find even basic information on the width, ounces by depth etc. etc. of this/these orebodies.

View attachment 153551

PC was pretty much an artisanal mine. Sure, lots of tunnels, but old timer stuff. The historical production looks very good until you realise how long it took to extract the gold. Thin quarts veins are not an ideal major operation. It’s pick and shovel following the veins. I think it’s going to stay largely inferred until they drain the old workings and do another 200k meters from underground. So, maybe a start up by 2030.

 

[Sean K]

Been holding this turkey for a while just because of management really. On the surface of it, the MRE looks incredible with plenty of ounces at incredibly high grades, but once you look at the detail, I just wonder how they hell they mine it efficiently and effectively to extract the stuff in the veins where all the good stuff is. This is a purely speculative play for me hoping they might hit something else close by that is similar to the other elephants in the region.

Picking it for the April comp only based on the chart for the past few days. Something fishy is going on. I expect an announcement of some type next week. But, if it's good, it'll probably spike and then tank like it always does so by the end of April it might be at 1c.

 

[Sean K]

How hard is it to put a quarterly out on time? I mean, you have three months to smash a summary of the period together. Could be done in an afternoon down the pub.

 

[Sean K]

🤞 this is a surprise to the upside. Another 300-400K oz would be good.

 

[Sean K]

A small surprise to the upside. Still all inferred. Seems destined to get to 3Moz and at over 7g/t that's quite a significant resource. They just have to work out how to mine the sucker.