If I could add some background to my last comment. Reed Resources had the Reedy's mine (no name assoc.) and Yaloginda etc. around Meekatharra immediately before they sold it to MLX.
Effectively the gold operations in Meeka went broke under Reed Res.
MLX (now WGX) are running it and running it properly at a profit of say $A500/oz (IMHO).
News: WGX Westgold Resources reaches toll processing and purchase option agreement with RNC Minerals, page-6
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