More Gravel: But Value Less
p. 127 · Read in the full issue
IN the six months ended November 30, Bulolo Gold Dredging Ltd. of New Guinea got 57,358 ounces of fine gold, worth 2 million dollars (about £850,000 Australian) from nearly 9 million yards of gravel. This is a 75 per cent, bigger return than in the same period of 1951. In the 1951 period, value per yard of gravel dredged was 25.6 cents; in the 1952 pferiod, it was 22.6 cents. In the last three months of 1951 and 1952 value per yard was 27.5 and 20.3 cents respectively.
In other words, while the yardage of gravel dredged has nearly doubled over the year, the amount of gold recovered per yard is sub stantially less. This was forecast; and no higher values are expected.
Miss Peggy Dickson was married to Mr. John McKean in Sydney on December 27. The couple met in Lae, NG, where the bride was a Sister at the hospital, and the bridegroom a chemist.