I found the reference to gold mining in the H1FY16 presentation interesting. The words being, “The Mining division continued work at Western Turner Syncline for Rio Tinto. While the resources industry overall is challenging, the outlook for contract mining, particularly in the gold mining sector, is encouraging with a number of opportunities being pursued in Western Australia, South Australia and Queensland.”
The mention made of SA and QLD in the H1FY16 formal report ties in with comment made in the presentation – namely, “. . . we will continue to focus on:
Both these comments surprised me, but the information at http://hotcopper.com.au/resources/a...es-as-its-currency-shrinks.3541/#.VtLOiH197Z4 suggests why contract gold mining may be an option for BYL, particularly in the west of SA, where being Perth-based would not be a relative disadvantage.
- . . . blah, blah
- looking for credible ways to broaden our geographical footprint.”
- Forums
- ASX - By Stock
- Gold - contract mining
I found the reference to gold mining in the H1FY16 presentation...
Add BYL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online