ASX's most undervalued Gold stock, page-148

$4.5mill will give AQQ the funds required to get to definitive feasibility over the next 12 months.

I'm happy it was only 129mill new shares as it means I own more gold in the ground than I was calculating

I'll also keep an eye on the price early September and pick up any shares offered cheap.

The Beer & Co report model assumed capital growing to about 1.3bill shares to ramp up production. So that factors in about 600mill more shares issued. It points out that other financing methods would add more value to existing shareholders.

Should see good news flow over the next 12 months and the project is highly leveraged to the POG.