AAJ 13.3% 1.3¢ aruma resources limited

Major Australian Gold Deposit, page-50

  1. 4,791 Posts.
    lightbulb Created with Sketch. 385
    You've got to be joking. "Major Australian Gold Deposit" with best intercepts like that?

    Where's the ore?

    At those miserable grades you need continuous 20 metre intercepts over vast areas to have any hope.

    The most you can expect after 5 years of drilling and a heap of CRs is something resembling CMM's miserable 1g/t deposit which will need massive capital to eek out a miserable profit and could go guts up if the POG takes a hit.

    Of course management won't mind 5 years of drilling and a heap of CRs. They'll be rich if they can pull it off.

    https://hotcopper.com.au/data/attachments/1417/1417440-19cc3ace1cdaaa9fe53d06e4a1a96731.jpg

 
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