AQQ 0.00% 3.9¢ aphrodite gold limited

Hello they listed in mid 2010 when raising about $9.5M. They had...

  1. 6 Posts.
    Hello
    they listed in mid 2010 when raising about $9.5M. They had resources of 983,000 oz Au.
    They now have 1,040,000 oz Au and bugger all money. So for around $9M of sharholder funds, resources went up 57,000 ounces Au and the metallurgical test work is still ongoing with no simple method to extract the gold. As has been the case since it was discovered.
    Yes, more indicated ounces now, but if you cant extract the gold does it matter? Perhaps metallurgical testing before drilling would have been a wiser choice.
    be cerful.
    regards
    ROI
 
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Currently unlisted public company.

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