For those still willing to hold in the face of BF terrorism a...

For those still willing to hold in the face of BF terrorism a list of milestones to expect before the end of Q1 2019 taken from the last WAF presentation. All of them by themselves are material, added together they very materially increase value to the project and WAF. Expect the NPV to jump with higher annual gold output and possibly lower ASIC... just the sort of stuff analysts love.

Technically the timing looks perfect. Bottom is in, buying in volume started back up as the instos selling down get back in and the last of the weak hands no longer happy with BF risk are finished selling out. Soaking up the stale cap raise buyers from 25c now, no need to rush. I'm sure the big boys will try and hold this down for as long as possible to maximise their exposure before all the Resource, Reserve and DFS updates hit the market in a months time. Then foot off the brake and on the accelerator, screeching tyres, off to the races with a gold price wind at our backs. That's the way I like to see it anyway, back to 30c on the release of the following is my call.  Good luck

* Resource and reserve update Q1 2019

* Optimisation underway expected 10-15% increase in reserves

* Optimisation of process plant and increase throughput to 2.5Mtpa blended oxide-fresh▪ Aiming to reduce FS mine schedule from 11 years to c. 8 years▪ Targeting completion by Q1 2019

* Continue drilling and infilling M1 South beneath existing reserves 1,500oz/vm at AISC US$525

▪ Optimize M5 open pit, targeting 10 – 15% increase in open pit reserves

* DFS Update resources, reserves and optimisation (due end Q1)