What would it cost to build a mill??? A couple of million... This way they can continue to mill the gold from Heralds mine prior to takeover, lease mill out to other mines in the area in the meantime and then use it for their mines at Dreadnouth and the Mount. Why buy a mill if your mine you own is not commercial.. ATX now have the largest holding of any company in the coolgardie region...
There is plenty more gold in them thar hills...
And with the current nickel price and CSM drilling at Nepean, it's all good.
I am suprised at the share price.... Will be interesting to see how they will raise the money... This will take time and I gather this is why people are bailing out....
If it does hit any decent share price in the future, I can hear the traders saying.... If only I kept the shares when they were 8cents...
Well that is the risk you take... If all shares were winners, we would all be millionaires....
