gap at 28 will probably be closed, page-14

gold M12
I hope it is a good result considering these are long term swaps so wont be back.

Interesting to note;
GBS have now got over 90% of NNG (owners of Union Reef Mill).
Terra is also now taken by GBS.

So now GBS owns Union Reef Mill, no confusion.
One way or another I think Mt Porter gold will go through the mill..
Will it be toll or sell the project?

In a recent release;
http://www.gbsgold.ca/PDF/GBS_SEDARFilings/2004/2005/sept22%20gbs%20takeover%20offer%20for%20northern%20gold.pdf
or
http://www.terragold.com.au/asx/Bid%20Announcement%20No%20(2).pdf

"which include the modern 2.8 million tpa dual mill Union Reefs gold plant."

"The Chairman of GBS, Mr Gil Playford stated today that: .....GBS’ investigations indicate that due to the dual mill circuits the plant could also simultaneously process refractory ore from Maud Creek and other sources and non-refractory ores from Burnside and other sources..."

*Mt Porter is approx 15km away (Frances Crk gold is closer).
**GBS will be freighting ore from Maude Creek 125km away...

More info...
Page 6
http://arafuraresources.com.au/documents/ArafuraAGMPresentation-23November2005_000.pdf
http://www.arafuraresources.com.au/documents/ArafuraFactSheetDD.pdf

**interesting aside LAM on the up again...

The 'ROAD MAP'...