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Deep Yellow did have the"Mikado" deposit, but they never had...

  1. kingrichard
    2,949 Posts.
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    14/10/10
    20:46
    Post #: 7331888
    Deep Yellow did have the"Mikado" deposit, but they never had their own mill. The ore was trucked and toll treated at Sons of Gwalia Barnicoat 120k's from the pit to the mill. Sons of Gwalia went broke and didn't pay Deep Yellow for the gold. Thats the reason Mikado didn't survive. Deep Yellow offloaded Mikado for A1's Uranium. Gold price was a fraction of what it is today and Deep Yellow focused on Uranium not gold.
    AAM Price at posting: 12.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 10  Upvote
    lightbulb Created with Sketch.  Great analysis
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