http://www.theaureport.com/pub/na/7606TP: I do have another...

http://www.theaureport.com/pub/na/7606

TP: I do have another company, Eleckra Mines Ltd. (ASX:EKM).

This company is only a minnow. It's capitalized at AUD$30 million but they've tied up a whole greenstone belt east of the Western Australia's major greenstone belts like Kalgoorlie and Leonora. They've got over 4,000 square kilometers in this belt. They started drilling and found some pretty high grade gold in its discovery called Central Bore; it started to uncover some quite significant resources. And if they're right, and it looks increasingly like they might be right, this is a significantly mineralized belt.

They've already established a 750,000-ounce resource. That resource is likely to grow quite significantly if they continue with their exploration success. The grades are coming out quite high now; the original resource was only 1.8 grams per ton, but now they're picking up resources that are more in the 10 grams per ton category.

Keep an eye on it because it could be a real flyer if Eleckra continues with their exploration success.

The company is trading at AUD$0.13, but could trade up to $0.20 cents in the next six months when it publishes a new resource statement.

TGR: Sounds promising. Do you have some parting thoughts on the precious metals sector in Australia?