Ann: Placement to accelerate exploration at Duketon Gold Project, page-2

This is a good size placement that will help us drill out the exciting prospects around the Duketon area and to start the mining studies for Mon Ami.

The best thing is the majority has gone to institutional investors and Goldfields who obviously know the potential of their targets in Nth Qld. At least it wasn't given all to the usual flippers.

If you feel left out, no one is stopping you buying at 1.7c or thereabouts.

The most exciting thing here is the 50k ounce resource at Mon Ami is finally being seriously looked at producing due to the higher gold prices.

There are plentiny of mills around there and I would expect this should be able to be up and running by next year as mining lease is in place.. Seems like it is a simple operation and hopefully the studies show that.

At today's gold price and from other examples of small mines producing now, this could easily produce even 10k or even 15k ounces with a profit of say $1k per ounce. Maybe I'm dreaming but to make $10m to $15m would mean no more raising money for a very long time.