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Flushed with raising £1 million in a lowly 0.8p placing, AIM listed Noricum Gold (NMG) says it could start production at its Bolnisi copper and gold project in the Caucasian republic of Georgia 'potentially as early as the third quarter of 2016'.
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Comments
Daniel Victor
How good are its personnel – what’s their track record ?
bob jones
What a crock of sh*t, how many projects has Mr Kuenzel and the Noricum team started and never brought to production? Mr Kuenzel is just a big bandit like his fellow WA pirates, David Lenigas/ Pete Landau/ Anthony Eastman/ Mick Shmazian. Range Resources/ Black Mountain/ Mokomo Diamonds/ NKWE Platinum/ Continental Coal/ Citation Resources/ Strait Oil & Gas/ UK Oil & Gas/ Red Emperor Resource/ Stallion Resources/ , all these companies have the same seed money, its just in different offshore vehicles Hell they all used to located out of the same building on Jermyn Street. This latest project of Noricums is located in the historically important Bolnisi,where there have already been numerous protests about any potential mine disturbing the historic ancient artifacts there. Unless you have seed capital in any junior mining project with WA directors your going to get taken for a ride
They may have raised a $1m but its going to take a lot more than that to put these two little pits into production.