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23.0¢ haoma mining nl

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Pactolus

1,284 Posts.

19/11/14

16:13

Post #: 14316483
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Originally posted by charliegold ↑

HAO have reported success in releasing gold and PGM from Pilbara ores.
This is a spectacular achievement for a small company such as HAO.
It must be recorded this was possible because the chairman has continued to fund the activities.
From the reports Au 2-5oz per ton can be obtained from the mine tailing dump which contains a million tons
Other ores contain Au 1-2 oz per ton with no estimate of total tons available.
Both ores contain PGM 2-5 oz per ton
The metallurgy has progressed to the stage of a defined process which can be undertaken in the current plant ,this will deliver gold metal and a concentrate of PGM's for further processing
Pilot plant scale 1 ton per day is by end 2014 with scale up to 50 then 400 tons a day.
Income for the year 2015 could range from 10 to 50 milliion dollars
From the description of the process this will be a low cost process maybe less than$100 dollar an Oz of Au and PGM

With about 180 million shares a share price of 20 cents.is not going to continue.

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Sorry Charliegold but Pigs might fly before this p.o.s turns a profit!

HAO Price at posting: 19.0¢ Sentiment: None Disclosure: Unspecified
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