Ann: Cannon Gold Mine 8th Processing Campaign Results, page-4

That is another good report. We are now close to 50K oz of gold extracted. After all profit distributions, SAU will have over $10m in its pocket, and be debt-free. That will give them two years of intensive exploration, easily, without having to rely on external funds, and with JVs like with Bluebird, they can stretch that even further. Management has been doing a great job, being conservative and measured with spending.

So, in terms of funding, the company is pretty safe for the medium term. Now, we just need one good hit, which can come from any of the many targets, and there are so many of them for 2017: Cowarna, Glandore, Bulong, Transfind and a bunch of sites in South Korea. The market value is so low that any good hit will send SP to multiples of what it is today. I'm very excited about the future, especially now that the company is fully capitalized.