Big Rains forecast in the Northern Tanami over the next few days. Hope ABU have a caretaker on site guarding the exposed pits? Will be a bit of glitter exposed by the wash. Be nice to see. Hope it's still there after it dries out and when they start the dig. Waiting till around April after the Northern Wet is my guess then we should hopefully start to see some action. After a very dull 2014 looking forward to that immensely and for ABU to shine in the Northern Tanami.
Old Pirates Gold for all to see followed by more drilling to further expand high grade mining life to come. Near Surface high grade gold just like the old timers rush and so rarely seen or heard of these days in Oz.
ABU soon to join the ranks of the small breed of high grade ASX Gold Miners, and the declining aussie dollar will helping along the way with reduced mining /fuel costs etc with the current Mining downturn and collapse in Oil price etc. The cashed up high grade producers and near producers should all come out of this long malaise very well I think and with the strong cash flows to come there are abounding cheap assets to pick up along the way.
NST has shown the way being first mover propelling that company into the big league after acquiring Aussie iconic goldmines Kanowna Belle, Jundee,Plutonic and Kundana etc, all from the strong cashflows from that company's single small high grade underground Paulsens Gold Mine near Paraburdoo in the Ashburton despite this multi year downturn.
Wonder what ABU has in store once near surface Old Pirate Gold comes on stream in the months ahead. With all the wreckage out there with cash running out fast strong cashflow high grade miners will be in the box seat.
Finally maybe a year to look forward to hey? For the high grade low cost miners that is!
cheers
mamba
ABU Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
(20min delay)