AWJ 2.22% 23.0¢ auric mining limited

Ann: WIN: Munda Agree. with Auric Mining Ltd yields $1.2m for WIN, page-6

  1. 2,355 Posts.
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    Its got nothing to do with Nickel other than there was some GOLD ore that would have had to have been mined and put to one side as it also contains Nickel and someone else owns that Nickel as is excluded from potential returns on MUNDA.

    No longer a problem and it means we cash in on the gold contained instead of mining it and having to put it to one side at our cost.
    Back of my mind puts it at around north of 40kt plus with a good gold grade.It is probably higher.
    It would have been our luck to find its more tons involved once we started and has some other great mineral content that means we would end up mining it for someone else in the future.

    PROBLEM NOW SOLVED amicably with a few bucks and on and upward to development including access to onsite water although I imagine $1.20 for 1000 ltrs isn't a great price,but it places a local value on pit water for other uses for the vendor.

    My domestic treated water is 80c/1kl.

    DYOR +DYODD
 
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