Just had a read through the CSA report on the Derewo project...

Just had a read through the CSA report on the Derewo project (see link below) - very exciting stuff:

"Based on the high gold grades and the mineralization observed at Area 81, the Derewo River
Gold Project is a truly outstanding exploration prospect. Gold occurrences like this are
extremely rare and this area deserves to be thoroughly explored to assess the quantity and
quality of the alluvial deposits and to search for the potential hard rock gold source of the
alluvial gold."

http://www.westwitsmining.com/docs/135/

Can't see this stock hanging around these low levels for long with what they have. Sounds like the exploration there is going to be extremely hard going, but when monster nuggets keep turning up, that is pretty strong incentive to find the source. The report infers that approx 30-40 thousand ozs per year is being produced from the project area over the past few years, so it looks like we are now a junior gold producer with around 15-20k ozs attributable per year currently. Assuming a 50% profit on those ozs and a gold price of $1500, $10-15m free cashflow per year which should allow for a high level of exploration activity.