AUZ 6.25% 0.8¢ australian mines limited

Talked to management about progress with gold project...

  1. 462 Posts.
    Talked to management about progress with gold project yesterday,said they have had interest from various parties in purchasing Duplex Hill Project. That seems to be reason why mining hasnt started.Cash flow would not be a problem if they proceed them selves as it will be all contract mining and processing.They are glad to see dollar coming off highs as will boost bottom line considerably with low nickle prices. They expect price of nickle to firm 4/th quarter 08 and into 09.
 
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