albaman, page-82

Loss i believe was due to extremely poor management. There are high grade unmined deposits sitting on the surface throughout the mount mining lease. Transporting ore all the way to Coolgardie didnt make sense when there is a mill just down the road screaming for tonnes I stated several years ago that the main orebodies at the mount were narrow veined lenses shaped like a womans waist both horizontally and vertically, from 5cms to 3m wide, so there were uneconomical sections throughout the veins. What focus did was to extend the decline and mine out under the historical workings,( easy way out ) instead they should have mapped out the other orebodies at surface and designed a new decline to maximize there grade and tonnage returns. I will bet that Lukah Mining will recieve a great return on their purchase of the Mount. Just my humble opinion with 48 years of underground mining under my belt. GLTA.