AUL 0.00% 28.5¢ austar gold limited

I doubt it. Afer all the cap raisings and hype, if MNM abandoned...

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  1. 937 Posts.
    I doubt it. Afer all the cap raisings and hype, if MNM abandoned Norton at this stage IK would be for the chop 100%. Can't see that happening.

    I suspect more likely they will ditch the BC stuff, although in this market I doubt you could give Bacchus Marsh away. Just another project that MNM poured lots of $$$ into and never got a return on. Repeat several times (Mt Mulligan, earlier gold projects, phosphate....), and you get a good idea of why the SP is where it is, and why they need a cap raising just about every month just to keep the lights on.
 
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