Well we are past the middle of August and no
news on the proposed sale of Bendigo
Whats with the small sell orders each morning
at 1 cent below the last sale price ????
"Unity Bendigo Mining Lease & 600,000 TPA Plant
UML Bendigo Mining Lease Tenament and 600,000 Ton Per Annum
Gold processing plant as a going concern has a huge
potential value to the likes of LionGold and other permit holders that have large Exploration tenaments in close proximity
The Plant alone cost about $65 Million in 2005
What is its value to UML or other permit holders
A very subjective question ? How much would it cost
to replace such a Gold processing plant ?
So do your own sums bearing in mind IMO the plant could be relocated for less than $10 million ?
UML Bendigo Exploration Leases were to have $8 million
spent over 5 years by Drummond Gold to achieve
70 % of the leases
So could be worth $10 Million plus to UML ???
IMO UML has huge leverage to achieve serious money
for the Bendigo assets ??? "
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