1. WA Western Queen project is a known high grade gold resource
2. The project were talking about is 2 open pit mines
3. Ramelius MD and chairman left to pursue this project with Monax. Ex Ramelius MD Ian Gordon negotiated the 60% earn in. I think he likes the upside on offer = many more Oz's beneath and around the 2 mines
4. Diamond drilling 4 holes to extend the resource and release a JORC in the December Qtr. The drill targets are within the known mineralised corridor.
5. Already 21,000 Oz Au there.
5. Concentrating company focus on primary project and freeing up further non dilutive cash to fund the drilling. Non dilutive cash. Non dilutive cash. Non dilutive cash...
6. The MC is 4M. The company is still valued on its past performance and potential, but is clearly moving on with a new strategy and fresh energetic leadership. Leadership who know this project has more love to give.
7. By grabthors hammer, these prices will amaze you