They could create a virtual mine with virtual gold to go with the virtual office in Fortitude Valley. If I recall they did try the virtual gold angle a few years ago via a crypto currency backed by CTO's gold reserves in the ground ..... just cannot understand why the scheme did not take off !
https://www.medianet.com.au/releases/136702/
https://markets.*.com/news/stocks/cryptogld-explodes-with-innovation-launching-worlds-first-100-gold-backed-cryptocurrency-1002272274#
I wonder how this deal is going:
"Kolar Goldfield MOU
11 April 2016 : Brisbane, Australia – Citigold Corporation Limited (“Citigold” or “Company”
(ASX:CTO) hereby advises that on 7th April 2016 in Bangalore, India it signed a Memorandum of Understanding (“MOU”
to partner with a consortium to acquire the assets of Bharat Gold Mines Limited (“BGML”
. The assets principally comprise mining leases, land and plant in the heart of the Kolar Goldfield, India.
Citigold has been conducting field visits and investigations on the project since 2006. The Kolar Gold mining project is in the Kolar Gold Fields area 80 km east of Bangalore in Karnataka State (formerly Mysore) in southern India. The Kolar Gold Field is about 60 km2, although the enclosing schist belt is some 80km long."
Another failed scheme......
DYOR My thoughts and ramblings only
