It's an interesting business, mining. While the big operators are extracting tonnes of gold and silver (Macraes OCG, approx 200,000oz gold p.a., Martha Hill Newmont previously at least 100,000oz gold p.a.) with the attendant big budgets, a smaller operator like GEL is hoping to use the latest technology to find another of these huge gold depositions.

When you think that Martha Hill produced 5 Billion dollars worth of gold (at current prices) between 1882 and 1954, it's a big operation if you get it right.

As Miner commented, show us the money. They've looked all over the country and chosen Ida Valley as the first test site for a placer operation. While this is a stopgap cashflow measure, it's also a test of their detection technology. I presume they can start giving the market some more news soon. Maybe a revamp of the website would help, GEL..have a look at NZO's.

-elZorro-