This little Aussie battler has been around a long time and began as a base metals prospect with a massive amount of silver. AFAIK they still own all the base metal and Ag but these are not added to the resource amount, only the Au. Shares issued are still under the magic 1 billion. The $7 million raised will bring cash on hand to about $8 million. I think it likely the oz will crack 2 million. At the current price of Au of $3300 (Aust $) that would value the gold resource only at over $6.5 BILLION. Gross. Mining recovery always exceeds the pre mining estimates. This prospect is now firming to be one of the best in Australia.
This little Aussie battler has been around a long time and began...
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