Poseidon located a 1997 study by WMC on the re treatment of gold tailings located in the northwest storage facility at MT Windarra.THE STUDY BY WMC INDICATES THE STORAGE FACILITY CONTAINS OVER 100 000 OZ GOLD,WHICH HAS A VALUE OF OVER A$100 000 000 AT CURRENT GOLD PRICES.This is a valuable asset and in todays tight credit market the bondholders will be happy extend the credit required for the fast start processing facility and mine start up with that type of GOLDEN surity.
Did you all observe yesterdays shakeout,yes this is now way undervalued and some topliners have realised this.
dont forget the 100 000 oz gold tailings, page-3
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