Gympie Gold was very levered, and relied on cashflow from the Hunter Valley colliery to service the debt. So the combination of debt, and the fire in the Hunter Valley, put paid to its goldmine development in Gympie, QLD.
'Spontaneous Ignition' of underground coal. That was a new idea to me.
Gympie Gold was very levered, and relied on cashflow from the...
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