=australia's most prolific gold mines in 1940, page-19

Hi Chief,

Just have to see some of the recent posts.... Her/his Goal/adgenda?

Code: GOLD - GOLD METAL AU 79

LeanneDawn
Post #: 6149732
In Reply to msg: #6149676
IP: 210.79.xxx.xxx
Sentiment: Buy
Disclosure: Stock Held
Views: 525


It's a buy IMHO, ascending triangle (higher lows) forming on the daily since approx 06/11.

$1450?
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Oh another Goldie needs the RAC just like MCO lol

LeanneDawn
Post #: 6154350
Price at time of posting: $3.16
Start of thread:
IP: 210.79.xxx.xxx
Sentiment: ST Sell
Disclosure: No Stock Held
Views: 212

broke down today.....
Fell out the bottom of the trend....

Going quite a bit lower?

Looks to have good support at $2.20
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MCO Gap Zone
WMC continued operating the Morning Star mine between Levels 19 & 23 - with small forays only above the Level 16 - until late 1959, when low Gold prices (fixed at USD35oz), the high cost of electricity (as Woods Point was not yet on the Victorian state grid) & their hunger for W.A. nickel led them to close all gold mining operations in the Eastern states. Consequently, the Morning Star mine was shutdown & never mined between Levels 9 & 15 underground leaving what we believe is a huge 'gap' zone of potentially rich dyke. Our exploration resource target for this 'Gap Zone' is between 1.5mm- 2 mm ounces. This target is assumed looking at the tonnage of dyke, the number of repetitive quartz reefs known to exist and the historical returns of gold ounces per vertical metre within the mine, which is 2000-5000 ounces per metre.