Ann: Commencement of Fieldwork in Timor Leste, page-60

Gold price in AUD looking fantastic (was $3,740 or so), getting close to taking out all-time high maybe this week. With an unhedged Gold Price it really makes sense to mine and sell as much as we can at these levels.. ie: take out the low hanging fruit rather than moving overburden.

Hopefully all that (pre) stripping is wrapped up and we hit some decent grade, if we do our ASIC should be substantially lower. I do anticipate the gold price to continue to go up so really hope we don't (again) forward sell any and if possible mine tenements we have rather than embarking on more massive earthworks projects and hopefully tenements we own given we have had poor luck with rainfall its time to shore up our cash reserves and (re)gain some respectability in mining and investment worlds respectively. SP is pretty much at asset price hard to see it going further north.