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Ann: Ionic Clay Rare Earth Development at Burracoppin, page-8

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    Bought in as a value investment (can you believe) using the likely NPV of the near surface gold at ESD as a long stop and HAWs Anglo-Saxon as an analogue for it. Alarm bells when they went off schedule proving it up and sure enough TS administered the coup de grace in this year’s Chairman`s Statement. Don’t believe this gold (or what lies beneath it) to be worthless merely on his say so but anyway glad that someone’s living the dream.
 
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