Aureus Mining - Re: AUE Stream Log - Extracting gold from ore is...

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16:59 02/08/2016

Extracting gold from ore is by no means an easy feat. Aureus Mining may need a little bit more time. So that investors do not lose faith, I wish to highlight how fortunes can be made and lost and made again from the previous quoted journal on the MacArthur-Forrest process. Turn the clock back to the year 1886, Johannesburg, Transvaal. Harrison made the initial gold discovery (paid £0). He sold to Marsden (£10). Marsden sold 3 months later to Hepple (£50). Hepple sold to the Little Treasure Gold Mining Co. for £1500 plus stock (£150). This was sold to the Northey Gold Mining & Exploration Company (£2000 plus £5000 stock). Had Harrison held his original £10 holding, it would have been worth £7,000 in under 11 months. They say patience is a virtue! At the time, they were using mercury to dissolve the gold to form an amalgam, which they would later distil off. (Don't ask how many miners and their families were poisoned irrepairably by mercury vapour in the process, not to mention the complete destruction of local ecology). When, however, mining was conducted at deeper levels, the gold ore proved to be refractory (unable to extract it) to this process. Gold recovery was in some cases halved. Gold stocks crashed. Sir Percy Fitzpatrick even adumbrated, “Grass will grow in the streets of Johannesburg within a year.” Such was their demise that stocks were being sold in bundles of thousands, yet with no buyers. This is where Aureus Mining is at now. Then, or course, the cyanidation process came into being, and those shares, which nobody wanted, became very valuable indeed......... Does this raise morale? I hope it works out!

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