GMN – Gold Mountain | Aussie Stock Forums

ASX:CGU – Market Cap ~ $2 million (34 million shares) 52 Week High (0.085) Listed: 2 September 2011 @ 20 cents

-portfolio of projects in the Lachlan Fold Belt of New South Wales (http://en.wikipedia.org/wiki/Lachlan_Fold_Belt) including Cowarra, Oberon, Dalton all being drilled

-North, Central, and South Peru is the best part in my opinion, community supported, Polymetallic Au-Ag-Cu-Pb-Zn mineralisation, 17,000 ha exploration etc.

-forecast to generate around US$700,000 per annum over the next 10 years (post Peruvian tax) @ cash cost of only $370 dollars an ounce

-expects to more than double the rate of production through the Mollehuaca to 60,000 tonnes per annum by the end of March 2013

**Total investment in Peru will be recouped via this method**

-Top 20 hold 69% of the stock: including Executive Chairman Chris Battye who is the top holder with 22% of the issued capital, followed by real estate mogul turned resource investor Duncan Hardie with 19%

Be the first to comment

Leave a Reply

Your email address will not be published.


*