A sister company called eromonga (ero), also ventured down the...

A sister company called eromonga (ero), also ventured down the path of having a go at an alluvial operation. Ero paid $2.65m for a so called "operating queensland gold mine" in june 2009. On the back of the acquisition the company raised a further $2.1m . Very little gold was recovered, and the show is up for sale.

Apart from the quarterlies, mxr has made no mention of selheim. Given that almost another quarter has gone, and still no indication of any progress, then it could be that the company is still in "pre production trials", or whatever they called it. The company has been testing for a long time. Do not be surprised if selheim goes the same way as the eromonga show.

A look on the company website, indicates that no new nuggets have been listed for a long time . This could reflect upon a lack of much in the way of recovery