200m Worth of Au Found in Tiny Scottish Village

[House]

A tiny Scottish village is bracing itself for a gold rush after 200million of the precious metal was discovered in its hills.

The popular tourist village of Tyndrum - near Loch Lomond - is believed to have more of the rare metal than previously thought.

Australian firm Scotgold Resources is now trying to establish Scotland's first commercial gold mine around the popular village, the Daily Record reported.

The Cononish mine was excavated in the 1990s, but was never opened for business after Scotgold suffered financial issues, and the price of gold plummeted.

A recent study of the mine suggested 248,000 ounces could be harvested a 200 per cent rise on Scotgold's estimate in 2012.

Local residents are rubbing their hands in anticipation of Tyndrum becoming a modern day Klondike, when around 100,000 prospectors descended upon the Canadian region between 1896 and 1899.

 

[Naphthalene Man]

I would presume its a stockmarket beatup.
The community should be careful what they wish for.

 

[Roswell Crash Survivor]

Bre-X rerun.

 

[willrocks]

Smells like a case of 'buy the rumor, sell the news'.

 

[SmartyFarty]

I don't chase penny stocks. Too risky.

Buy good old gold, silver, platinum.

I have worked for mining companies they are not very well run businesses.