When Marmota put a counter bid in for the Challenger mine it
convinced me the gold at Aurora Tank was quite substantial and therefore
needed a processing plant. I recently read a number of WPG
posts on their forum and they appear to have troubles with their mining
output and servicing their debt. The worst possible scenario would be if
WPG went bust and ceased operations. Maybe this is why Management has
decided on a capital raising to test drill the new projects first instead of a
JORC at Aurora Tank . I would have thought that they should get AT up
and running ASAP but then again maybe the the drilling at the new sites
will be spectacular or it may be just a drill and see situation then back to
Aurora Tank. I am confused as everyone else.
MEU Price at posting:
1.9¢ Sentiment: Hold Disclosure: Held
