Ann: Feysville Update, page-3

drilling has proven successful out here for the last 2 years +++... and there is some method in his madness that we all sitting here and chatting away have noticed so far... and to be very honest, I was expecting the same announcements for all of 2018....

BUT BUT BUT what has caught my eye in the last 4-5 weeks is the sudden change in tune - we are now talking of "processing" and "recoveries" and all that stuff which I didn't notice previously...

so we are now moving from a pure driller/explorer to that tiny step forward - do we have a commercial project here? and this is why I think the sp in the last 4-5 weeks have a different trading pattern to it than ever before... I cannot understand it in full yet, but I know it is different to what I have seen in the last 1000 days of my AAR observations...

probably it may amount to nothing, probably it may amount to actually taking it to production (multiple routes out there)... the plus side is we are drilling shallow only so far and hit reasonable success... are we at a threshold level high enough to cause some big $$$ to get interested in us? will we be talking of AISC next? a JORC and then PFS and DFS and BFS in 2019???

Gold price down from it May highs, but they have been wavy - I am betting on a upturn in gold price this month - at least a change in direction is due... let's see if that tailwind will get us above the 10-11c target and into the teens...

sorry, not a gold bug at all, so cannot answer more but a lot of knowledgeable posters here... they will comment for sure... they always do - AAR is our second home of some sort