as a member of international forum for goldbugs I was asked to write up some summaries of the best aussie goldies
here's what I wrote as one of my favourites
"Castlemaine Goldfields (CGT on the ASX) because it's severely underpriced having all of the required infrastructure such as an almost fully developed mine and a complete mill, adopting a very profitable small scale extraction method in preference to Lihir who tried bulk mining at the Ballarat mine and couldn't make it profitable, $20 million in the bank, two major reefs now defined and tunnelling into them begins next year, has a complex geological setting but the guys now operating the mine have done years of research on the geological structure"
I'm seeing a lot of overseas interest building up for our goldies and seems they are most interested in our high grade miners (smarter than our locals?)
CGT Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held