"We are not currently producing any gold from the Hellyer tailings, nor do we have any short-term plans to do so. In needs to be emphasised that the gold at Hellyer is very strongly locked as tiny (sub-micron) particles in a highly refractory pyrite matrix. Industry refers to this as 'solid solution' - effectively gold 'dissolved' in rock, and that's why it's still in the tailings rather than having been recovered the first time around by Aberfoyle/Western Metals. Even with fine grinding, conventional technology cannot unlock this value, and despite the fact that the Intec Process delivers much better recoveries and economics than conventional technology, it still isn't worth running a dedicated gold plant at this time. As such, it would not be possible to hedge any gold production". DS
mmm wonder where the 4500oz will come from. Perhaps some fairy will spinkle some gold dust on the final concentrate if stage 1&2 ever gets going!!!
Finally some sort of rally in the zinc and lead prices.
Here we go here we go here we go. Bring on the by-product, or better still roll out stage 1&2 and lets see some increase in the SP for the long suffering shareholders.
At these low prices there must be some value, IMO.
Pity about the gold though, but hey the price of gold will fall, the A$ will weaken and it really is a useless commodity with no emotional or intrinsic value unlike lead and zinc.
Gold. Forget it!!!
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