ANX anax metals limited

arm v got, page-8

  1. 983 Posts.
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    I lived on Groote Eylandt for many years,in my opion GOT are dreaming.For the following reasons:
    1.Mining the ocean areas would be totally uneconomic.
    2.This is prime Tiger Prawn breeding/trawl ground.The inshore shallow water (15m) are fully protected " sea grass" areas,fish turtle and prawn juvinile growth habitate.This can be checked with N.T.Fisheries or NPF through ADFA in Canberra.
    3.These areas are also now classified as Traditional Fishing Grounds by the local indigious people ...check the "Blue Mud Bay" land/sea ruling.
    4.Thus the environmental problems would be overwhelming.
    5.There is no inferstructure.......EVERTHING is owned by BHP, everything is bought in
    from Darwin by barge 700kls away. BHP will not give you as much as a drink of water let alone share there infostructure.
    6.If the aboriginal population could get rid of BHP they probably would.THey do not spend the the "royalty" cash they now get ,they keep the capital and only distribute the interest each year in July.The capital has been building sence the 1950s.Capital now estimated at$ 100s of millions.
    ARM is light years ahead of GOT as an invetment and the possability of the project getting off the ground.I could go on and on re sacret sites etc.
 
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