Club Mulgoa

Tuesday, October 09, 2012

ABU

Fairly good announcement today.  The vein is thin but the gold concentration is high.  If you mine 100m at 0.3g of Au/ton, then at 30g/t you only need to dig 1m.  So I don't understand why the share price of ABU came down today.  Of course, it isn't spectacular but...

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