GOLD producer next 6 months

So stage 2 mining has just commenced - i liked the fact they tested the waters by trial mining last year

Production figures from trial mining generated over $3.3 million and earned $1.7 million in profit

Price of Gold (AUD) currently circa $1700/oz with projections to go higher in the near future - considering last year's AUD wasn't as low, it seems we may see some good cashflow in the next 5 - 6 months provided operations go as planned

Current share price slumped to 2.5c as we see some Philip Capital clients selling out - reason? Unsure. But with the current market cap around $11.5 million and slightly less than $1 million in the bank & no debt, surely the Devon gold asset is worth over $10 million with the current POG?

Let's not forget recently acquired gold asset 1km from Devon, aka New Year's Gift.

Another thing that looks good is the fact the two Sullivans own over 10% of the company.

Some big money to be made by the company provided things go as planned next two quarters.