Ann: New Gold Exploration Targets Identified, page-2

This is the 9th price sensitive announcement the company has released since the 30th March 2017. The previous 8 were all high-grade gold intersections and today's announcement has them targetting additional gold deposits within their Yandal tenements. Just an amazing quantity of excellent news flow in a 3-4 month period. In contrast, I fully participated in a rights issue with another junior explorer in November 2016, for what was supposed to be an exciting and action-packed exploration program in 2017. They have drilled a single hole in that time (8 months).

There isn't a lot more that management can do here. They have successfully executed their three-pronged exploration strategy and stuck to their timelines. The June quarterly should reveal more, especially surrounding their current cash position. Once there is funding clarity, and as the POG starts it climb out of its typical July lows, I am fairly confident that EAR will be rerated. In the meantime, a 1Moz gold discovery would be the cream on top of Julius and Orelia.