Katanning +2.0M gold ounces?, page-21

Am based in Atlanta, Georgia, just had a wonderful lunch. Semi-retired now, run a personal trading account that is currently very focused on WA. Seeking gold development opportunities via ASX listings. Grew up in Sydney, was in the public gallery on Melbourne Cup Day when POS went from fifty cents to a buck fifty. Got addicted. Was known as the Laverton Nickel Kid cause I hung out at the Burwood Glaciarium, where Jim Lynch bought leases near to POS, floated Laverton Nickel and became an instant multi-millionaire. Turned the rink into Nickel Mines. Lived in a massive old mansion next door to the Burwood RSL Club (my folks ran it as a very elegant boarding house) on Shaftesbury Road.

Left Sydney thirty years ago to live in the South. Sydney lawyering did not agree with me. Still remember booing a drunk Neville Wran (the epitome of the Sydney legal profession), as he stumbled out of a waterfront restaurant followed by us and a crowd of angry booing patrons, just after he introduced strict drinking law and traffic stops. He got in his car and drove away, probably laughed at us as he went.

Did an extensive review of ASX listed gold developers with JORC resources. AUC struck me as the most undervalued developer with +1.0M ounces + completed Scoping Study. Bought the bulk of my position at 1.2 cents, topped up around current levels for an average of 2 cents.

ALL of my research is pointing to a 10x price appreciation within 12 months. Hold many millions of AUC. My view is reinforced by entry of Canadian investors who are seeking long life gold mines. Am very bullish about the delay in JORC re-estimate, indicates that this project will have a very much larger footprint than recent Scoping Study.