bullish quarterly , page-12

Sold off 70% of my CTO.

If you rang Mark, he will tell you that increased consistent increasing higher grade Gold production will not be produced until the Sept QTR, that is late OCT before we know if they have.

Expect a yet another regular CAP raising,(companies own words) about mid year,of which will dilute the shareholder base even more, (esp with lower Gold prices), now that we are in season weakness until start of Oct / Nov.

Even FML have produced more Gold i.e first 3,500 Ounces in a month.

However prices may go over $1000 an Ounce by end of May, but this is not enough time for Gold Juniors to react, as there still is extreme and overdone negativity for P.M stocks.

June July are the biggest down / dead rubber months), as traders go away for the summer season and care not for the markets in general, esp GOLD.

Will revist CTO later in the year, however better bstocks to invest in at this stage, such as DOM, MUN, SBM if one wants to put money into Gold.