Ann: Highly Prospective Exploration Licences Granted-Timor Leste, page-118

take a deeper look Mr T.. our LOM has gorwn significantloy through acquisitions in the past year.. plenty of food for Jaurdi mill for a decade or more now. I dont see any need for a second plant in the near future, increase the grade to low 2's and we can achieve 50kozpa quite easily with no capex.
also great greenfields opportunity primarily for copper in Timor L'este
Also serious skin in the game by our directors.
Current quarterly is a bit rough looking with all the prestripping and we havent really got any major value add from more drilling around McPhersons, our subsequent acquisitions are showing a lot more promise. McP seems to have really just kept the mill busy at a time when our LOM was much shorter.. in saying that it could still produce something extra with drilling.

I think we are very close to seeing a big change in junior investing, i think it will breakout anytime in the next 2 to 3 months .. im thinking a bottom for gold in late June / early July, .. but it could break sooner.. i expect the miners will front run that bottom.. so I think buying gold miners in May might well be the best point.

XAUUSD weekly with (in yellow) correlation of the inverse head and shoulders break out from 2008 bottom


Gold miners to XAUAUD.. near its cheapest point in history.. the previous 40 years prior to that chart are even higher ratio values


BCN sitting right under its breakout line, if gold dips to 2200USD.. i think that would be about as good an entry point as you could hope for. ata guess i think we might bottom somewhere between 2.5 to 2.7 if gold continues to follow that correlation.