markets still look good, page-12

I agree Olly.
By the time Andash is half way through construction, Burnakura should be fully commissioned and providing cash flow.
If we began construction 3-6 months ago, I was estimating we would have run out of cash before completion (but only just).
The problem with that is when companies raise cash, they usually raise more than they need.
The benefit of starting construction earlier would have been at least partly offset by our holdings being diluted by perhaps 10-20%.
If management does find they need to raise some cash in say 6-9 months (and hopefully they don't), by then Andash will be advanced, we will already have cash flow from Burnakura, we will know how much value the Burnakura heap leach will add to the small scale CIL start up operation and I expect we will have a completed scoping study for Jervois showing a strong valuation hopefully well beyond our current market cap. We may also have drill results from Gab and possibly some from our exploration leases in Kyrgyzstan where we had some excellent trench results along trend and not far from the Kumptor mine which produces around 6-700,000 ounces per year. That is a big mine and highlights the prospectivity of the trend as do our trench results. This lease certainly has the potential to be much larger than any of our other projects.
All of this means any possible cap raising in 3-6 months would hopefully be at a much higher price and for fewer dollars and therefore much less dilutive.
The higher the POG after June, the stronger our cash flow and the less our need to raise cash.

Egon von Greyerz on KWN is regarded highly.
"In the next two years I could see $5,000 (gold). We could see it before the next 24 months."

That's his prediction. I have no problem with it but am trying to stay more conservative. I still look for a minimum $2,500 as where gold should already be trading, but more realistically, I see why it should be in excess of $2,800 now without the inevitable future printing which would raise my target.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/6_Greyerz_-_Gold_Price_to_Hit_$5,000_in_24_Months_%26_Silver_$166.html