AUL 7.25% 32.0¢ austar gold limited

News: AUL Austar Gold Signs Agreement With Gekko Systems, page-8

  1. 563 Posts.
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    zero - give it a break. Your posts are monotonous and boring.
    i am generally considered to be negative but I try to be pragmatic and offer my opinions based on my knowledge of mining ore bodies such as those found in the eastern Victorian goldfields. I do have past experience with Morning Star, it’s infrastructure and surrounding tenements so can offer opinions with some degree of authority. The big issues are the economics of mining flat lying, narrow veined structures and maintaining sufficient on going mill feed from what are generally low volume/tonnage ore bodies. The winder is now pretty much state of art but it’s capacity is restricted by only one shaft compartment for ore haulage. Having said that it’s difficult to envisage having more than two headings underway on a single ore body at any one time so the shaft should be able to handle things on a single shift basis. Mullock disposal is an issue as is the placement of tailings underground without sterilising the old workings thus impeding future operations.
    i do know that the current management is more than capable - the big question is proving up sufficient economic resources to keep the plant operating at design capacity.
    Good luck shareholders and keep the armchair opinions to a minimum.

 
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