MOE 1.76% $5.21 moelis australia limited

+ about 11 mill ounces in ind + referred cat.+ , page-21

  1. 23,765 Posts.
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    re: +11 mill ounces and more to come? why sell it?
    Possibly jv with some one
    not only is there the possibility of soverign risk but also the UN has a strong stance in the area as Anvil found out to their constinatiion.
    as for rock hardness if its near surface I would think we would be looking at the rock being weathered/oxidised saprolite type so not a big deal in the tropics.
    Dont think ill touch it as falls outside my investment criteria as seem to lose money with every gold wanabe I touch.
 
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