African Goldfields.
■ ■» The latest estimate of the gold resources of the Witwatersrandfe (or the Band, the plateau of the Trana ; vaal), is that, if raining can be prosecuted to a depth of 5000 ft or so, something like £700,000,000 of gold should be obtained within the next fifty years, at a cost of about £500,---000,000. This would leave a clear profit of £200,000,000 in fifty years on a capital (taking mid- October market valuation of the Witwatersrandt group alone) of £150.000,000. This is little more than 2£%, even supposing all the expee ations of " deep-level " mining are realised, although there is no experience to guide.
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Manawatu Herald, 24 March 1896, Page 2
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105African Goldfields. Manawatu Herald, 24 March 1896, Page 2
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