times were far tougher then, it was hard to get funding for anything. But AM screwed it up. AM extracted SFA from Nalunaq, are you saying that AMRQ is lying about the 500,000 to 2m oz?Nurse really does need to up your meds
hard to justify 1.2 million in commission i would have thought 30k would have been more the ball park how many hours work was this to raise the money seems a bit of a broken system?
If the asset is good, you don't need death spiral funding. Obviously there is gold there but it remains to be seen whether it can be mined profitably and over time. Angel gave Nalunaq a life of 5 years max but they went under after two. Meanwhile, there's no Greenland gold rush. Maybe Amaroq can make it work in that extreme and inaccessible place but others before them, with much more gold mining experience, thought the same thing.
True, Angel Mining went bust; but they never got up to viable production levels so they ran out of cash. They were more interested in Black Angel anyway.
Jonathon , absolute nonsense, such 'news from the educational world' would have been written by a left wing woke liberal luvvie who wrote the conclusions and results they wanted in order to support their twisted dogma without gathering any actual data. You should accept this is the reality of life today that dogmatists are all politicised, even scientists make up data to match the conclusions they want to fool you with, its become the new morality, Idiocracy is here today.
