AUL 0.00% 28.5¢ austar gold limited

Lots of photographers around recently - maybe some clearer...

  1. 2,232 Posts.
    Lots of photographers around recently - maybe some clearer vision needed?

    "but after 85m they have hit coal, still drilling and was a thickness of 9m."

    Interesting statement - 30 thumbs up.

    85 metres of overburden is obviously not an economic operation for a brown coal mine. BM is so far away from even JORC let alone mining....5 years until JORC if ever?

    If BM is to be economic - the coming drill results will have to be much closer to the surface.

    What is the overburden in LY? Do holders here know?

    Do MNM holders understand what it costs to buy a brown coal excavator etc? Have you seen a pic of one?

    Regarding LV:

    Exergen have tried everything with their big name backers to gain entry to the LV - but where are they? - still in BM.

    Having some tenements in LV is not helpful for MNM s/holders over the next 10 years.

    Serious contenders to de-water lignite will command the immediate attention of at least ONE of the big power stations in the LV with EXISTING mines.

    Until MNM/Exergen can get the backing of one of the above - they will flounder in BM where others have been before....imo




 
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