Ann: Phoenix signs Catherwood Gold Mine developme, page-6

re: Ann: Phoenix signs Catherwood Gold Mine d... This is a fantastic annoucement IMO and the market is in red and needs to fully digest this... At least 5m as has been pointed out will be generated with a guaranteed floor price, which is important. Obviously we won't know the full commercial terms but rest assured this will confirm the self funding model and with the conceptual mining study coming, a maiden telegraph resource and an upgrade of the resource from Castle Hill there is huge room for slow share price appreciation.. Raising is off the table now in the short term and things are looking fantastic.