AXG - Antipodes Gold [formerly GEL - Glass Earth]

[elZorro]

Matakanui (to the west of the Drybread location) seems to have been the largest settlement in the area, with about 3,000 to 5,000 residents in the late 1800s. Some photos of the area here, and note the image I've posted before showing the sluicing at Drybread.

It might look impressive, but this was surely an expensive and labour-intensive method. Glass Earth will be able to use mobile diggers and trucks, transporting to the GRUs in their own ponds if needed, conserving scarce water. The GRUs can also travel in a moving pond arrangement anyway. Looks like the area uses an irrigation scheme.

Matakanui has been good to some influential investors over the years. Have a look at Mr Knox D'Arcy, whose oil discovery in Iran founded BP. Perhaps it'll be just as polite for GEL shareholders?