AUL 0.00% 28.5¢ austar gold limited

Ann: Mantle Strengthens Board-MNM.AX, page-15

  1. 8,393 Posts.
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    What about someone with some decent experience mining ore bodies similar to Norton but more importantly MorningStar. There is no way I'd buy this with current management developing a mine with NO JORC RESERVE, atleast Norton is small so if they stuff it up the company will proably survive, MorningStar would be game over imo. I'll call it now, I don't reckon they'll make a profit from Norton
    (taking into account all development costs etc). They'd have spent a good bit already developing it and getting approvals and it's only small.
 
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