Ann: Melbourne Resource Round Up Conference Prese, page-7

re: Ann: Melbourne Resource Round Up Conferen... spec101,

plants near by are the Navigator bronzewig mine about 100km away, they have a 2.3Mtpa gold processing plant that is not even a third utilised.

also there is the Jundee Gold Mine owned by Newmont producing over 400koz pa there - I don't think BLK will have any luck with an agreement with them although Newmont is in search for BLK type assets and could be a potential suitor.

from Newmont's latest acquisition;
"We don't have a gun to our head to do an acquisition," Newmont chief executive officer Richard O'Brien said in an interview. Newmont noted it saw more value in buying development assets in today's market rather than mines already in production.

"We will look for current production when we can find it for value and we will add incremental acquisitions which will add long-term prospectivity," Mr. O'Brien said. "I think that is what you can continue to see from Newmont."