AAM 0.00% 5.6¢ aumega metals ltd

It is my understanding that the plant as such was never bought....

  1. 55 Posts.
    It is my understanding that the plant as such was never bought. Shares were issued to the owner of the plant with very little money changing hands. I agree that the plant is not suited to low grade processing and as such is of no use for the Low grades of CTW and Ben Hur. However the Reserves and resources are assets of the company that can either be processed by another plant on a sale, toll basis or even new plant. The Brightstar plant should only be closed following the exhaustion of the Alpha deposit or earlier if the grade does not stack up to expectations. The value of less than $2M is effectively a scrap metal valuation, the value has been reduced by 50% because of the additional cost of relocation and new pads being constructed etc to whoever the new owners would be.
 
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