coolgardie's bad reputation, page-4

Thank you BAGM,

So without using any geo terms that might confuse some (not a complaint) - Coolgardie is extremely under rated - the analysis of the 70's and 80's was wrong as proven in Canada!

Therefore by amalgamating the Coolgardie field FML have set the stage for growth into a major producer over time. Establishment is the slowest phase and FML have had set backs however these are now behind them.

This is a quality ground position with 2M oz already defined, on a major trend where gold has been found as so well put by BAGM. This must be why the 3MH mill is designed to handle 1.8My PA on an upgrade. Most of the trend is only lightly drilled and shallow at that. Upside is OBVIOUS and profitability is superb.

The grades are not spectacular compared to to narrow vein deposits however - here is the kicker - the gold bearing ore is wide enough for commercial bulk underground mining and this results in low cash costs as we move forward.

One of the greatly undervalued and misunderstood fields in Australia is waking up! And we own some of it lucky us!
Thanks to all posters you are doing a great job - intelligent debate and some exceptional input IMO.

Cheers,
CW
DYOR