KWR 0.00% 2.9¢ kingwest resources limited

Ann: Kingwest raises $4m to Accelerate Goongarrie Exploration, page-14

  1. 489 Posts.
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    Just looking at the company it appears its management is well covered by geological experience, The Goongarrie project seems to show a great deal of promise, my concern was the ultimate ability to effectively mine this salt lake since the Goongarrie lady mine was closed in 1989 because pit walls collapsed due to flooding rain, these areas although dry inland most of the time can be affected by lows from the coast during the wet season in summer, being a salt lake it would be reasonable to expect this is possible any year at least once and at the very least every few years, but I don't have any stats on this area, I guess it would need to be constructed to mitigate any problems. They say they have leases to mine. I was wondering if anybody on the forum had further information they could add to what I have questioned.One would think this level of management would have a method they would instigate to overcome any future problems, it would be good to know what it was.
 
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