geolsec derisk the bobrikovo and melrose gold , page-10

Hi Simonsnouckart
Sorry to hear your loss on View resources. It has the cash flow problem and at that time the gold price (less tha US$700/oz)at that time was much lower compared to recent month gold price (more than US$1000/oz). In fact in 2006, KOR had an agreement to use view plant to treat its Melrose gold resources. At that time the gold price was below US$700/oz. After Views administration, its Bronzewing asset (gold project and plant) had been bought by NAV (Navigator resources)refer to asx announcement below

3 september "navigator to acquire Bronzewing" and

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00984800


1 cot 2009. "Bronzewing acquisition completed".
http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00994314

As always, DYOR and consider individual investment and trading aim, time frame, risk profile, etc.