CGT 0.00% 21.0¢ castlemaine goldfields limited

Ann: Castlemaine Goldfields Limited Broadcast , page-4

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  1. 269 Posts.
    here's another thing that doesn't add up

    a poster on this forum "plough" is an experienced miner who was the owner of a gold mine as I recall - he said that the tunnelling cost to get to Mako would be about $5000 per metre for 400 metres equals $2 million dollars

    looking at CGT's tunnelling costs per metre calculates to be about $10,000 per metre which indicates total tunnelling costs of $4 million to get to the Mako lode

    CGT had $10 million in the bank so getting to Mako could have been achieved without having to do any capital raising
 
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