Dentman. As a follow up. I found the following legacy position of shares of MDMN that is still sitting in my wife’s account. Not sure if she has forgiven me yet! LOL. The loss of $22k will be calculated in the cost basis of the shares we/she ultimately receives in AUMC. It will not be lost.
Because I began a new alias I can’t create a new thread, so I’ll post a chart here and maybe someone can create a new thread when there is time.
For whatever reason, the red and orange lines on these charts tend to be where tops and bottoms occur. I don’t look at many small cap stocks to know if this occurs as predictably as large caps, but so far the orange line has been hit on the weekly chart and so far appears to be resistance. On the daily interval on the right you can see the current rise occurred after some consolidation at support right at those lines. Whenever price goes from below those lines on any time frame to above them and finds support at them, this tends to be very bullish for the stock. So far the lines appear to be working with our stock as well as they do with large caps, so perhaps they will be consistently useful going forward.
New Topic: 2026 CHART POSTS ready to go
Just broke the ATH again.
Wow them tailings are looking good Jimmy!
POG @ $5,260! Let’s put a $2 floor under AUMC this week!
Gold now at 5300 and climbing. Question what would be approximate profit per ounce at this price when all expenses are paid out
Let’s calculate based on profit per truck load:
The plant can process 100 tons of ore per day.
assume 10 grams per ton net. 100t X 10gpt = 1,000 grams net per day
assume the concentrate containing the 1000 grams is (10%) 100 tons X 10% = 10 tons
each truck holds 20 tons. Each truck will hold 2000 grams.
2,000 grams/ 31 grams per ounce = 64.5 ounces per truck load
64.5 ounces X $4,000 net per ounce ($5,300 - 1,300 AISC) = $258,000 per truck load profit
One truck load per day times 250 days = $64,500,000 annually.
You can adjust the net grams and or the concentrate level or the number of shipping days per year.
Need way less trucks for the concentrate.
Gold flotation plants typically concentrate ore by a factor of 10 to 50 times, reducing the volume to roughly 1/25th of the original material while achieving, for example, 50% to 80% pyrite in the concentrate.
Probably going to require armed escorts for those shipments!
Hi all, thought I would stop in and say I’m wishing you all much luck. Merrill still won’t let me buy and I really don’t want to open a new account somewhere else. I used to love hanging here learning about gold processing and just the hope of hitting it big. Anyway I’m rooting for you all. I’ll be watching!
oz
I asked my computer where AUMC was trading on Sept 1, 2025.
My computer: "On Sept 2, the first trading day of September, 2025, AUMC was trading at .50.”
I’m inexperienced at this sort of thing.
Do we call today’s close ($2.02) a three-bagger or a four-bagger? A perfect storm? Or…?
– madmen
Well I still need 10 x this to break even finally. Hurry up call Les from the grave and let’s pump the chit out of it
Three-bagger, as in 300% increase.
100% increase would be 1.00
200% - 1.50
300% - 2.00
Hey Jimmy, looks like a floor has been set. Good volume at the end of the day.
Thanks Z for the breakdown! 
Hi DD and Zotron,
My models currently have the AISC set at 1,000 per ounce. This makes the “MARGINAL PROFIT” per ounce produced in concentrate form about $4,300 based on a $5,300 POG. Based on a nominal throughput rate of only 100 TPD or about 33,000 Tonnes per annum (330 workdays per year), and an average head/mill grade of 0.5 OPT (15.5 gpt), the # of “contained ounces” heading into the ball mill and FF plant DAILY would be 16,500 per annum. Assuming a “recovery rate” of 80% for the FF plant, this means that 13,200 of these are “recoverable ounces” per year once the FF plant is fully dialed-in.
This leads to a first year pre-tax income of about $56.7 million. Based on 70 million shares issued and outstanding, this represents 81-cents per share in EARNINGS PER SHARE (pre-tax). Based on the industry-standard EPS “multiple” of 30.1, this suggests that Auryn should trade at about $24 per share IF THE VARIOUS INPUT VARIABLES HOLD UP. NOTE: THIS IS NOT A PREDICTION.
Looks like things are beginning to shape up! 2026 a pivotal year.
EZ
If all that works out, you can say bye-bye to whatever debt they have in a jiffy.
Gold just spiked up 5550 now! Wow Tailings are looking great Jimmy!
With Gold now at 5550 an ounce Z numbers just jumped to 72,000,000 per year at 250 days with Docs 1,000 AISC
