Last week I was asked about a company that had pegged some land near Mt Weld… I looked through the company’s reports and found that they were indeed right next door to Mt Weld’s ore body…. but have a read of the story excerpted below:

“THE story of the Great International Quartz Mining Company is remarkable, writes ANDREW MOLE

Outside Maldon, in the 1880s, the North British Mine produced 203,000 ounces of gold.

In today’s speak, that’s roughly $296 million.

Just a stone’s throw down the gully, within sight of each other, the Great International Quartz Mining Company extracted a miniscule 33 ounces.

But only after two years of back-breaking labour, hand-drilling more than 500 metres through nothing but solid rock.

In today’s speak that’s roughly $48,114.”