Ann: Westgold Strategic Alliance and Placement, page-26

WGX got in cheap at .0045 (Petros, you and i paid ten times that).

But this was easier to bare than the $8.85m capital raising at .003 in Feb last year, underwritten by Canaccord Genuity.

I like the MRRC's comment "Just another way for ORA Gold to do a CR through an established profitable miner". WGX are more likely to hold their shares than a broker.

There are a lot of upsides to Westgold, including their data and experience. Crown Prince has been described as very similar Westgold's Great Fingall/Golden Crown deposits at Cue. OAU points out the Crown Prince Prospect may represent the northern extension of a major gold mineralised structure which passes through Westgold's Big Bell deposit.

Looking at Plough's spreadsheet above (thanks plough!) we can see the happy adjustment that OAU no longer needs to fork out $130m for a mill. Also, the transport costs are a fraction of, say, shipping to Odyssey. This means more cash upfront for OAU to explore and build up the company. Petros, you and I and many other shareholders have been waiting a very long time for this moment. Our 'great eastern gold company' just took a big step forward.