Ann: Trading Halt, page-12

Agree with everything you said. Monteagle is arguably the stand out. Has the potential to host a or multiple significant deposits, but Mt. Wilkin and Nivram are also very hot prospects. It is a massive landholding which has the potential to be its own gold district, and has the history to support that. They just need disciplined and methodical work. The program is there and it isn't expensive. The risk reward is massively asymmetrical.

The share buyback should be pursued with reckless abandon at these levels. There is no better investment than buying our own stock at these prices. Any on the ASX would kill for the free cash flow generation capability this company has. Couple that with a steady progressive dividend policy and let the share price take care of itself (don't use the buy back to manage the share price). Every penny wasted on corporate boondoggles, excessive salaries in Perth and luxury travel is a penny that isn't being diverted back to shareholders or toward unlocking value from our enviable land holdings in both QLD and the Philippines.