WATCH: Australian Man Finds 11-Pound Gold Nugget With Metal Detector
From The Daily Bail
January 18, 2013 - 12:54pm
'Mate, I found a good one.'
The massive nug was found about 2 feet below the surface of the ground.
Australian news report. An anonymous amateur prospector in southern Australia has unearthed a huge piece of gold, reportedly worth more than $300,000. The man found the 55kg nugget near Ballarat, Victoria. The prospector passed the gold on to a mining exchange in Ballarat, reportedly saying, 'Mate, I found a good one.'
If sold at market value it would be worth just shy of $300,000, but its extreme rarity would mean it be worth far more, according to Mr Kent. "If you are silly enough to melt it down, it would be worth just under $300,000 on market value but as a nugget at this size and shape, it's worth significantly more than that," he said.
The man was using a state-of-the-art metal detector, which meant he was able to find the gold relatively deep underground in ...Continue reading this article »