AXG - Antipodes Gold [formerly GEL - Glass Earth]

[elZorro]

There has been a radio interview with Newmont about the Archey's frogs on the Coromandel, after the Greens ran the story I referred to earlier. Here is the interview in full.

http://www.goldfm.co.nz/general-news...te-09-07-2014/

Over three nights and days, 44 Archey's frogs were found in or near five 10m x 10m drilling sites, each 10km Southwest of Whangamata, in December 2012. Archey's frog grows no bigger than a thumbnail, and there are thought to be only up to 20,000 of them left. Newmont chose different drilling sites at four of the positions, to give the frogs a wide berth.

The rough location given in an earlier article (10km southwest of Whangamata) makes it look like it could have been work done in the WKP permit area, or possibly the Neavesville area. Maybe the frogs are more widely dispersed than the official sites suggest, they are hard to find without a concerted effort. Good to hear that Newmont would be happy enough to spend some funds on researching these very rare frogs. That sounds like a commonsense approach.

The poor investment record of GEL or AXG was skirted around carefully in the interview. We should have bought Newmont shares.