G1A 0.00% 5.9¢ galena mining limited

Ann: Trading Halt, page-135

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  1. 975 Posts.
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    Well, in its favour, G1A is only interested in the lead and to a lesser extent silver. The ore body appears to be accessible and the POL seems pretty stable, if not rising..
    https://hotcopper.com.au/data/attachments/5202/5202875-a3c6c1d0b6a5251e7eec8aeb28fef3f0.jpg


    Water/flooding could be a huge spanner in the works and could even be potentially catastrophic, but surely drilling would have identified problematic water tables in the area??

    If the CR is to pay for mine water mitigation plant/equipment, all bets are off imo.

    I don't know enough about the geology/hydrology in the area, so just more useless speculation at this point.

 
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