Gold Mines Of Australia - Pursuing A World Class Opportunity

Why? This is the first question that everyone asks. Why did Renison give away such a valuable asset? What is the problem with Mt Lyell? No doubt this question was asked of Denehurst regarding Woodlawn, MPI at Stawell, Golden Shamrock at Cobar, Western Metals at Cadjebut and Poseidon with the Big Pit. Whilst it is not possible to second guess the rationale behind Renison's strategic withdrawal from an operation that they considered to be uneconomic, the Renison/Mt Lyell deal has certain specific perspectives: