Ann: Robust Results Extend Queen Margaret, page-18

There are some short term twits in this stock. Its a micro cap with an open deposit with grade in Kalgoorlie. It has had previous holes drilled by Anglo and resource models suggesting a resource target of over 350k ounces without the next extensions along the 5km strike and deeper holes. This is in the top 2 gold corridors in strike length (5km long) in Australia and gold is along the strike and is being drilled as we speak. There are also new areas to be drilled and all this will add to the target. Previous extraction of 100,,000oz at 1 oz per ton and its open at depth.
Its capped at zip here and has pulled back from 40c. They have the money to complete the drill program.
There is approx 50m shares on issue including the escrow for a market cap of less than $10m with $3m plus cash. Its ludicrously under valued imo. strong buy form me. dyor

ps
The gold price is still A$1650, so the people looking at the US gold price are missing the point.