Ann: Maldon Gold Operation Update , page-50

Thanks JD,

If it is being valued at zero for now it can only add to the upside.
Would be great to drive around the country there, hang in the pubs a bit and get a feel for the whole scene. Must be a lot going on and some real characters to meet.

I am really impressed the way they got the mill and circuit producing at low cost on 33% of nameplate right of the bat. Unless of course the A1 ore was what they used to bake or burn the first batch of cookies.

Company can be very profitable just from processing for Unity and A1, buys them a bit of time and prevents them from needing to cap raise, unless of course they want to fast track, but I doubt they would want to dilute.

Perhaps most impressive is the management for stretching the capital and the opportunity to get us into this position. Bodes well for the long view.

This is the single biggest amount of money I have ever put on one stock, so I am not used to seeing small money movements push my whole portfolio around.