Ann: New gold discovery 1km south-west of Window Glass Hill, page-15

Been doing alot of Hong Kong 121 with many companies. I have been sticking to where i believe there is value so mainly development plays.

One thing they all have in common, is they have barely seen the price appreciation that explorers have. As one MD said to me (paraphrasing) 'We acquired and merged over 3moz whilst permitting and taking through the studies process (they are at DFS stage), yet our MC can't gain traction. If we had drilled out 3moz we would have a 300-400m MC, that is the market we are in' That company's MC is 150m odd.


It is a game of patience now.