AUL 7.25% 32.0¢ austar gold limited

Ann: Update on Mining at Rose of Denmark Gold Mine, page-49

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  1. 115 Posts.
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    Zero 2, this is the problem with Morningstar. The best reefs were mined 100 years ago and now we are left with a shaft that can only shift 20-30 tonnes a day with a grade after dilution of at best 2-3 grams. We are into March and the chances of this old mine making money any time soon are as distant as when MCO went into liquidation. Don't want to be a party pooper but I would not even think about mining cos that is when you lose the real money. Learn from my mistakes that cost me my marriage and $200k.
 
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