Ann: LGL enters Ballarat sale agreement , page-18

NK

you have it exactly right I reckon

it's picking up a turnkey operation for almost nothing - very similar to BDG's total operation and maybe slightly better

amusing in a way that CGT will probably only ever be running that 600 ktpa plant about once a week as the CGT mining strategy being selective will only be processing high grade rock

looking at the geology there seems to be plenty of that, beginning with the high grade Llanberris pods

this is part of the Renaissance of gold mining in Victoria - I'm predicting there will be three highly profitable mining operations in a couple of years - BDG at Bendigo, MCO at Woods Point and CGT at Ballarat

all the dumber-than-dumb big shots have gone elsewhere and now we have some great old school professionals running these operations