If they have just raised $7m new capital it looks like they are...

If they have just raised $7m new capital it looks like they are in with a chance though. If this was spent gettinga modest crushed and separation setup rolling they could start fairly soon. Looks to me like producing gold from Eureka is about the quickest way to get money coming in. The market isnt going to be any joy. Could almost be a blessing in disguise, re non dilution of people holding who have risked their capital to date.
New management have a chance to change course, to suit the prevailing winds. Were not out for the count yet.
If its any consolation all small golds are in the same boat just now.
Ive cancelled my trip down there to visit the pub. The snow on the mountains around Canberra has come down so low, it will be very cold down there. Its not far from Baw Baw. maybe they could put a picture of the lift and office in the snow on the website. Brrrrr....