A nickel mine in Kambalda has found a rich gold bearing seam unlike what we have seen before http://www.abc.net.au/news/2018-09-...re-deep-in-kambalda/10219576?section=business Have a look at those rocks, pretty. Though if I was the mine owner I wouldn’t auction it till gold was more in favour by collectors.
Is it just me, or Mark Selby (the president) out of whack with premiums, surely specimens of this quality would sell for well over 50% premium? I can understand 50% for 5cm pieces, but the big ones surely must be valued at one in a lifetime prices, at the right auction to the right buyer or even partnering with the likes of Perth Mint to sell on consignment.
I worked for WMC at Kambalda in the late 70s. I heard a story that one night a jumbo drilling team extending a drive one night in the Fisher Decline kept having their drill steels jam only a couple of feet into the face. Frustrated at the lack of advance, the shift foreman told them to drill the whole face, charge it up and fire it. When the smoke cleared the face was virtually solid gold. The Fisher Decline was oppposite the Single Men’s Quarters on Durkin Road. I heard that a lot of gold disappeared that night in midnight runs. The story went that the drive was later concreted up and the Decline closed. I don’t recall a Decline called the Beta Hunt in Kambalda when I worked for WMC. I just checked the web and the Beta Hunt is not far from the old WMC Silver Lake mine. At the time I worked in the Otter Juan Decline and lived in the SMQ. Just goes to show, there’s plenty of gold out there....
Marvellous how they always come up with a massive find when TPTB are under pressure. LOL. Wouldn't be dead for quids. 'THEY' are still trying to control the narrative that there is plenty of gold out there* *But, not enough to go back to a Gold Standard. LOLOL _JLG.
More to the point - marvelous how they always make a massive discovery after failing to find a buyer for a dud mine. Indeed, the following statement screams "buyer beware": "The Toronto-based company was battling to keep it open and put Beta Hunt on the market several months ago. The sale process is now in the final stages, but Mr Selby said the "world-class discovery" does not make RNC think twice about selling up."
"The irony is that Beta Hunt has been mined for nickel, which is a key ingredient in stainless steel, since the 1970s, and gold has always played second fiddle." Actually I think that may be very pertinent. The modern geologist's version of "noodling". Huge payoff and glorious pictures.
