AUL 0.00% 28.5¢ austar gold limited

Let me put it this way, regardless of viability, MS has the...

  1. 954 Posts.
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    Let me put it this way, regardless of viability, MS has the potential to make Mantle , mid-tier gold producer. Norton could never be a company maker, and I have said that all along.[/QUOTE]


    Vertigo old boy - MS will never be a mid-tier gold producer. GMA (WMC) were pre-eminent by world standards in narrow vein mining and could never (if my memory serves me correctly) manage more than 25,000 ounces during their better years. The ore shoots in the upper levels are flat and labour intensive to mine. Air leg miners are required to minimise dilution and broken ore needs to be scraped to the draw points as it will not rill due to the flat makes. The shaft provides only one haulage compartment thus restricting production and the list goes on. In short the Morning Star Mine will never be a "company maker" for a show like Mantle which has, or will have, millions of shares to service. Accept the reality and stop ramping.
    Last edited by aurifice: 22/10/16
 
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