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32.0¢ austar gold limited

Ann: Production to commence at historic Victorian gold mines, page-114

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vertigo

9,999 Posts.

107

14/02/19

10:57

Post #: 37434067
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Originally posted by HotRods65: ↑

I don't think I've ever seen another company start mining after so few drill holes. Surely they should atleast release an inferred resource estimate as a minimum from current drilling. I think it would also probably be a pretty small resource given the area drilled and reef thickness.
Current mining practice is like high risk gambling imo. Maybe they see it as a last roll of the dice before the $$ run out, I can understand them starting mining McNally's reef from that point of view. Especially if that is what they promised the larger investors in the last raising.

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"I think it would also probably be a pretty small resource given the area drilled and reef thickness."

Last drill results show a 10m thick reef averaging around 70gpt.... The hilarity of this guys posts continue. Bawahahaha!

AUL Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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