"The BioGold facility has the particular ability to focus on the treatment of refractory and semi-refractory gold ores/concentrates," Mr Secker said. "Some 70% of China's gold production is from refractory ores which, because of their sulphide content, cannot be treated by conventional cyanide solutions.
"The BACOX technology overcomes this problem." Mr Secker said ..."
"The acquisition also entitles Michelago to the exclusive licence for BACOX for up to 10 years in China, Mongolia, Siberia and Korea. The BACOX process is able to treat metallurgically complex ores".
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Comment:
It is possible that the Chinese Govt may insist that the BACOX technology be used before long instead of unfriendly environmental alternatives.
IMHO that license for 10 years could be worth something.
Info on MIC:
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=75301#199085
Gerry
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks.
MIC
michelago limited
