Club Mulgoa

Monday, July 16, 2012

ABU

http://www.proactiveinvestors.com.au/companies/news/31341/abm-resources-old-pirate-yields-new-vein-with-126m-at-4237gt-gold-31341.html

Trenching sample at 126m at 42.37g/t of Au.  The vein varies from 4m to 10cm.  Is that so insignificant that the share price only went up by 0.1c?  At this stage, we don't know how deep it is but it is taken from beyond the area with a JORC resource.  In my lay opinion, it is eye-popping but "experts" must know better.

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