Goldprice in aud was basically the same as it is now from when the operation was commisioned to when it failed, I really can't see whats so different. The operation couldn't make a profit at roughly todays prices. Mike Botting and management were well respected. I haven't gone back or looked deep enough to see if hedging at a lower goldprice was a factor and I'm not going to. Why do some of you have to go into spin overdrive on this thread and not stick to the facts.
There is a heap of info out there for those wanting to research.
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