AUL 7.25% 32.0¢ austar gold limited

Mcnally's announcement out, page-63

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    "Unfortunately Kranky  , its still the same mine with the same shaft , the same plant and the same reefs with exactly the same gold in them  , so however good management are there are a lot of things they can,t change."
    ------------------------------------
    I will start with this first sentence which could be seen to be generally and technically correct, however:

    1) The winder in the shaft has been upgraded so it is faster and more reliable.
    2) The plant has been upgraded to better deal with the deorite which was a big issue with MCO's gold recovery.
    3) More detailed analysis of historical data with current drilling results to determine best options to drill and discover new reefs - hence the first drill into a suspected gold zone and hence McNally's.
    4) Better and more cost effective drilling techniques are being applied to ascertain new gold reefs/zones.

    ...and probably the most important factor that is different...

    5) A BoD that listens and heeds the advice of their mining, production and geo team rather than a BoD that dictates to their mining, production and geo team where they should be drilling and mining...against their experts advice.

    Yes, 4-6 weeks will be telling.

    The K    

 
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