Ann: 7,500m Drill Program to Commence at 14 Mile, Arakaka Project, page-45

$POG : $1275
AUDPOG : AUD1700

How filthy cheap is AQI looking right now. Even though global gold macro shouldn't affect explorer too much, AQI is looking really undervalued.

Onus on Management now to detract market's stigma with their mismanagement of options. Let's start with some news flow on their trenching and auger for Ianna.

14 Mile first phase program concluded February. We're a month plus removed from the project completion.



Market lost confidence in AQI. Looking like it. No love being spread. Combination of their lack of continuous disclosure and the free options popping up.

Travis and team can change that perception by updating market in timely manner. Get some interest back on board.

At this stage of project, a $24 million market cap is only 27 cents. Ianna itself is a good project. Fully funded and have Barrick technical team on board.

Personal Disclosure: Continuously buying at the 18 cents range. Have buy orders ready for any drops. News flow should be imminent. Tight share structure. Judging by previous drill result release, AQI does not appear have leaky sources. Would be chuffed to miss big upside when news comes out.

Tough sentiment, but certain holders will be rewarded. Just look at the projects again.