It’s just a matter of the gold price being high enough to justify the costs of extracting it, which it now is.

They’ve been doing aerial surveys for the past ten years and now they’re drilling core samples.

It won’t be long, I’d say, before there’s a new mine or two, although I’m not sure what method of extraction they’ll use.

As for the State Govt, they couldn’t care less about what people in this area think (no votes in it for them) so if there’s money to be made they’ll OK it.

Ray, I saw a gold mine near Harrietville for sale recently. Most of the early gold in the alpine region was alluvial, so you’d have to think there is some more below the ground.

I’m not a geologist but I think there must be some potential there. The problem would be getting approvals to explore and mine in the Victorian regulatory environment, which I doubt is industry friendly.