re: Ann: Major milestone reached with Landown... During the time...

re: Ann: Major milestone reached with Landown... During the time we were hovering around 4c several weeks ago, I'll admit that I was a little concerned that finalisation of funding at 7c to 'take us through to the middle of the year' might prove to be more of a challenge than management were letting on.

Not so now.

With the SP hovering back above 7c following this important milestone announcement, any funding not already secured should now be more or less a formality IMO.

Continue to wait patiently for that announcement, and I suspect we'll hear something in the next 2-3 weeks.

Krishna, admire your enthusiasm but at the same time prefer not to count any chickens before they hatch.

Whilst I'm confident the company will deliver on their promise and prove up at least 1mil ozs at 10g/t by June qtr, there's still plenty of drilling that needs to be done before we can tick that box.

The way this project's shaping up, my hope is that by the time we go into production in 2015, we'll have something more like 1.5m-2mil oz at >10g/t to boast about.

But again, not willing to count that chicken just yet.

Cheers and very best regards,
Elpha