Club Mulgoa

Wednesday, August 15, 2012

ABU

ABU was awarded the Best Emerging Company award at the Diggers and Dealers Mining Forum recently at Kalgoorlie.  Yet, the share price has plateaued.  It is quite amazing how good the grades are but investors are still selling the stock.  Why such good grades and length of strike do not turn on buyers is beyond me.  Maybe, it is because my limited knowledge of geology and how to interpret those good announcements will make me a fool in later years.  Trenching can result in biased sampling especially if it is highly selective and not representative, and the wide of the vein is actually very narrow but not highlighted.  However, more than 3 million oz have been included in the JORC resource at just one tenement with many more areas in many plots to be explored.

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