very scary, page-9

the arguement against In order to assist punters think rationally about this here are the arguements for and against as put on stocktrader.co.nz

THE ARGUMENT AGAINST
Originally posted by rupert

MTN Buyers beware. The same stunt was pulled by Goldstream in 2001 to boost the share price.
Marathon have not drilled ONE new hole at Mt. Gee
Read MTN's reports very carefully!

Work done on the lease since february is only refering to above ground.
Ring Marathon if you do not believe me!

Commentry made in 2001 regarding Goldstream and Mt. Gee

"Back in the early 1970s, Exoil drilled Mt Gee like a Cheshire cheese. It drilled 620 holes totalling 172,390 feet in the general area and, by Pierpont's count, 45 of them were within 300 metres of Goldstream's discovery intersection.

After its extensive drilling program, Exoil decided the Mt Gee deposit was the most promising in the area, with potential for 30 million tonnes at 1.8lb per tonne.

Having done that calculation, Exoil rode off into the sunset, quite possibly because it had become politically impossible to develop new uranium mines in Australia.

One of Exoil's better holes was MG101, which was sunk vertically and intersected its better grades of U3O8 directly beneath the spot where Goldstream's 003 hit its hot intersection. Goldstream's 003 started some 70 metres away from MG101 but was sunk at an inclination and direction that went straight towards it.

Indeed, 003 must have nearly hit the vertical hole left by MG101.

And that's not all. In 1989, CRA arrived at Mt Gee and did a drilling program there. CRA's most exciting hole was GE33, which struck uranium oxide at grades averaging 1,370 parts per million between 220 and 281 metres.

``Not only did Goldstream's 003 go within a whisker of Exoil's MG101, but it must have passed within about 10 metres of CRA's GE33,'' he said.

``And the hot intersections of CRA and Goldstream are in exactly the same place.''

So, Goldstream's uranium deposit at Mt Gee had been comprehensively discovered some 10 years before Goldstream arrived there.

Indeed, if Goldstream had deliberately decided to punch a hole through an area of known mineralisation, it could hardly have sited 003 better. There must be one patch of the uranium deposit that has nearly been drilled hollow.

Pierpont doubts whether many of Goldstream's current punters would have remembered all that, however. Even the most gifted mullet can't remember three decades of drilling results."
Sounds very familiar doesnt it!

I have now had confirmed by a number of reputable people that there is NO WAY that this Mine will ever go ahead.
Way too much Aboriginal significance.
(do a search on "Arkaroo")
Too many Rare Species
Yellow Footed Rock Wallaby
Southern Purple spotted Gudgeon
High Profile Tourist site.

This is a scam!
Marathon are taking your money.
They bought the lease for next to nothing.
They Know it is Useless.
They have ramped the crap out of it,
Created a JORC report without drilling a single hole.
And the JORC Report was written where?

This smells BAD, in fact real bad

Buyer be very very careful!!!