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(Video) Man finds 12-lb gold nugget while prospecting with metal detector...

(Video) Man finds 12-lb gold nugget while prospecting with metal detector...

There's gold in them thar Ballarat, Australia. Really big gold.

12-pound gold nugget, worth perhaps $500,000, was dug up Wednesday by a prospector using a $6,000 metal detector, local news site the Courier reported. A good investment, we'd say.

The identity of the prospector and exact location of the find remain secret, but the Courier wrote that the man took the mega-nugget to the Ballarat Mining Exchange Gold Shop to confirm his incredible fortune. Shop owner Cordell Kent said the nugget was unearthed nearly two feet below the land surface.

Melted down, the "nugget" would be worth about $300,000, but its rarity multiplies its value, Kent said.

Read more via ABC News...

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