interesting topic this weakness in the share prices of the Lachlan quartz mining companies when compared with their fundamental values
I went looking back at the history of Kalgoorlie in the 1970s when it became nearly a ghost town with no apparent future.
Then what happened? The discovery of laterites and the invention of CIP/CIL processing initiated a new and profitable mining renaissance that continues to this day. Kalgoorlie became a boom town again - reborn.
Aren't the Lachlan quartz miners on a similar path right now?
This new and profitable mining renaissance is based on the discovery of high grade gold-bearing quartz, new methods of extraction (such as by building declines) and the invention of cheap and simple gravity processing systems. A new and viable mining industry is being born.
The big picture: we are on the crest of a wave into the new future of Australian gold mining and the fundamental values of the Lachlan quartz miners will soon be revealed no matter how weak these share prices are today.
MCO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
