gold potential at ballarat

talking points analysis of CGT at Ballarat:

* probably high grade quartz at about 1 oz/tonne (undiluted grade)

* infrastructure nearly ready to go - needs two drives costing about $3m

* sensible management

* mining and processing not cheap - about $220 per tonne

* mining difficulty acceptable for small scale operations

* excellent finances - financially very secure

* 600 ktpa processing plant - as new and state of the art

* production in 9 months, or possibly sooner

* abundant resources in the region

* geologically complex but manageable

* two defined lodes - enough for about two years of mining

* expecting top quality gold-bearing quartz - excellent metallurgy