Watched a repeat of Landline on ABC today, on Victorian goldfields.
This is what inspired me to invest in FAU. The bottomline was, there is a lot of gold to be found, with new technology, surpassing old methods.
The old miner said, 8g./t was lost in previous processing. Lot of money in the tailings. Some miners are happy with 2g/t. But, there is more, according to report.
A reef is running away from where the old miners previously dug with picks and shovels. With modern machinery, if FAU can find that deposit, maybe, 26 g/t.
Miners near by, (as mentioned on Landline report), are mining bonaza grades of gold. Also mentioned Cu, and Rare earths. Yeah, they all do that.
FAU Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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