Ann: Exploration and Resource Development Presentation, page-6

BTR's team and PCF managed to cancel $53M in debt and 53% of a mainland-Chinese affiliated shareholding plus return the tenements to good standing on a shoe-string budget. Stone Resources was on the brink of collapsing. The company was a dead horse with a market cap of less than $1M this time last year and it's since increased almost x15 - with an actual strategy for exploration in place now and a path to restoring the mothballed plant to production. The main deflator of share price has been the cleaning out a register full of old shareholders and one particular shareholder offloading.

Obviously there are risks but as the latest presentation shows, there are few other gold explorers on ASX as undervalued as this.

DYOR & Good luck.