Dargues - a reminder, page-2

Hello Curious,
I came to UML from Cortona as well. Your comments about the prospectivity of Dargues are true but there are a couple of problems.
* the ounces of gold per vertical metre are a bit low which means the revenue is low for the amount of development required. I was encouraged when the parallel Plum Lode was found and they need more nearby parallel lodes to pay for getting to the bonanza grades at depth.
* The main problem is the location. NSW has become the most difficult mining jurisdiction in Australia with a government driven to its current position by the anti CSG movement. According to the NSW government treats all mining the same weather it is CSG in Grafton or copper in Cobar. Dargues is a casualty of this. There is some local opposition to the Dargues project and in particular the use of cyanide. Consequences are that a small startup open pit cannot get approval and a more expensive processing route not involving cyanide on site is the only option.

The problems are accentuated by a management that appears to not want to be there or develop the company.