ann, page-10

I do not know if clinker will be low, the truth is I just do not know so any surprise will be nice.:)

I am in KAL free carried and keep in to stay in the loop.

My reason is hoping that igv's for gold co's will be re-rated due to rising POG. For this to happen I believe the POG needs to reach over $1100 AUD and perhaps be closer to $1,200. So frustrating the AUD goes up with gold rises.

This is based on the costs associated with mining for emerging producers. They will need to demonstrate far more success before the market re-rates explorers with jorc imo. So i wait for re-action to quarterlies on all producers.

KAL need to secure some cash at some stage so hope options are in the money come July. Bt also they have stated they are considered selling off leases to raise funding. Perhaps some work at Clinker Hill and others is to make them viable to sell. Just pondering, really have no idea but do think it a great strategy to invest in more exploration before rushing into production.

My 2c worth