annual report out

After skimming through the annual report tonight, I can confidently say that GUJ will become a major player.

The major highlights for me were:

1. Great potential to prove up their exploration projects in Tasmania. All projects are at an advanced stage.

2. Two near term production opportunities (Avondale to come into production within 6-12 months and Elouera as soon as the acquisition is completed). Both mines will have 20+ years of mine life, offtake agreements have been guaranteed and further reserves will be explored in both mines commencing soon.

3. At least 2 Institutions have made the top 10 list in the past 3 months.

4. The top 20 shareholders own 94% of the register. (worth noting that 15M come out of escrow in August 2007 and 170 million come out in March 2009.)

What more can you ask for!!!