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  1. #1
    Senior Member
    Join Date
    Aug 2008
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    Quote Originally Posted by elZorro View Post
    You know, if we had a time machine, Miner and Aotea, we could go back 150 years and get in ahead of these guys:

    http://www.teara.govt.nz/en/gold-and-gold-mining/3/2

    $40 million dollars worth in 10 weeks, a small party of miners..

    I can't believe that there's not more of that hidden away down there somewhere.
    LOL...I could show you a small valley in Central where there is $100M waiting t obe pulled out in three of those wee mines you speak of....there are plenty around if you do your homework.

  2. #2
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    Join Date
    Jun 2009
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    CNI area NZ
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    Quote Originally Posted by Aotea View Post
    LOL...I could show you a small valley in Central where there is $100M waiting t obe pulled out in three of those wee mines you speak of....there are plenty around if you do your homework.
    All this begs the question, if GEL has the knowhow and the prospecting permits to do this sort of thing, and have been working on it for a few years - why are they working in a JV with virtually no mining equipment of their own, where the returns are modest at best, and the JV partner ends up with most of the returns from the GEL mining permits??

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