the next Disallowed, page-40

That is not correct IJ

The figures you quote do not give the true picture.

read these articles as an example

http://www.miningaustralia.com.au/news/cash-cost-reporting-bites-gold-miners

https://www.explorationinsights.com/pebble.asp?relid=3443

Some years ago I was probably the hotcopper resident expert on Bendigo gold....well before it became unity mining.
a very good plausible story....and they build a $60 mill gold recovery plant to treat the ore.
(why would they do that I thought, unless the gold was there)
The mine entrance portal was about 3 km in a straight line from my house and Bendigo itself was honeycombed with tunnels from the old diggings..so I was right in the middle if it.
lots of articles in local paper all very positive.
the theory was the mining only stopped in the 1950s because the then price of gold was pegged and the problems with water meant it could not be recovered profitably.
With modern equipment etc and the then higher price of gold, the maths was very compelling
all looked very good ........end result the gold was not there in economic grades.
A $60 mill treatment plant is not worth a pinch of nanny goat poo if there is no gold bearing ore to treat.


update
bendigo mining is now unity mining.

i think it is ironic that Mark Twain once visited Bendigo

And probably not necessarily with Bendigo in mind once said

"The definition of a gold mine is ..A hole in the ground, owned by a liar"

I still own a handful of unity shares.........worth a few hundred dollars.
and while I hope you are right.......I don't share your optimism