risk or reward, page-14

Flick15,

In answer to your questions...
I am no expert and maybe time will prove me wrong. From what I have been told by people who were working at Mt Magnet for Harmony is that Hill 50 was experiencing seismic problems and was shut down a few months ago. Big Bell has plenty of ounces, but it is located on a major geological structure and has MAJOR geotechnical issues. Big Bell was closed down years ago. If the resource at Great Fingall is the same resource that Australian Consolidated Minerals (ACM) defined in the late 80's, then I don't know how Monarch are going to mine it if ACM couldn't and they had an operating mine and mill (Golden Crown) within a kilometer of the Great Fingall.

The Mt Magnet/Cue area has been actively mined and explored for the past 25+ years.

It is only an opinion, but what they have bought is a tough operation.

On a positive note, the Mt Magnet/Day Dawn/Big Bell areas are proven million ounce goldfields and I believe that there is more there. Good luck to Monarch and I hope for the towns of Mt Magnet and Cue that they do re-start operations soon.