Word: windarra
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...spinifex of Western Australia. It attracted particular attention because of the worldwide nickel shortage, made worse this summer when Canadian nickel miners went on strike. A tiny Australian mining company called Poseidon started the speculative mania late in September. A drill on its 1,100-acre lease in desolate Windarra churned up traces of nickel ore. After the company announced assays of 3.5% nickel, its stock, which had sold earlier in the year for 50? a share, jumped to $35. "In sober fact, all the company has to offer in support of this is a hole in the ground," warned...
...beer cans, lumps of ore, contract notes and mining magazines, Shierlaw said: "Early in the week it was champagne, but we've calmed down a bit now. Back on beer." Meanwhile, his friend Shirley, who owns an undisclosed amount of the company's stock, had returned to Windarra-to begin prospecting again...
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