Yip. Geology can be tricky.
I did 6 months of Australian mining education 2 years ago. Touring Broken hill and WAs mining areas.
If You can try and do a few tours at Broken Hill.
Its worth the history and knowledge gained.
BHP still turning over $400 milluon dollars a year. Claimed to be 50% of the regions total profits.
There was a Station hand that found the Broken Hill Prospect (BHP) and formed the 7 first investors.
Its interesting history to read that many of the founders sold their shares early or cheaply.
Heres a link to one of the BHP stories.
https://www.google.com.vn/url?sa=t&...mMAE&usg=AOvVaw2_JG0iG-_3uIbubgTeRwhj&cf=1
SYNDICATE OF SEVEN
Seven men from Mount Gipps Station put Broken Hill on the map in 1883. The group, known later as the Syndicate of Seven, discovered ore on an isolated ‘broken hill’. These men were George McCulloch, Charles Rasp, James Poole, David James, Philip Charley, George Urquhart and George Lind. Together, they formed the first mining company in Broken Hill, the Broken Hill Proprietary Company Limited (BHP).
Rasp and his fellow station hands David James and James Poole pegged out the original lease in September 1883. Rasp is the most famous of the seven today, but the equally well-educated and considerably tougher George McCulloch actually masterminded the syndicate and helped form BHP in 1885. McCulloch was an active patron of the arts and helped establish what is now the Broken Hill Regional Art Gallery. McCulloch also funded Broken Hill’s first hospital.
The young jackaroo Philip Charley also benefited from the find. Charley first recognised silver chlorides near Rasp Shaft (pegged by McCulloch) and his ongoing involvement enabled him to import a 1907 Silver Ghost – the first Rolls-Royce in Australia. But others didn’t do so well. George Urquhart and George Lind sold their shares at a loss. James Poole sold half his share to the cattle king, Sidney Kidman, for a herd of bullocks worth only £40. As perspective on their mistakes, in its first year alone BHP mined ore worth more than £42,000 (equivalent in value to about $6.5 million today). You can see busts of the original Syndicate of Seven outside the Broken Hill City Council Chambers.
Even today Investors sell out early. Not earning the greatest profits.
Some of the BHP 7 sold when mining started tailing off. Without the knowledge of the Boomerang shaped resource of BHP.
Even FMGs inner sanctum of staff and share holders is interesting reading. Theres a brief media interview with one of Twiggys secretaries. She and hubby bought FMG shares on Twiggys advice. Then happily sold early on to buy a house. If they held for a few years they could have easily bought 5 houses in Perth or a big Farm.
AVZs Brownfields Data of 100 years is one of the Biggest Fundamental indicators to hold for Drilling results and share price appreciation.
Good Investing.
IMHO.
