This gold mining company is well on the move now and smart.. A...

This gold mining company is well on the move now and smart.. A respectful financing arrangement with Macquarie Bank and they also have available funds of $7 million dollars already not counting the milestone pour at the Paddington Mill where the Chinese-owned Norton Gold fields has already processed 10,780 wet tonnes of ore at 1.66 gt and haulage of a second batch of of ore from Castlereagh is already in process. They have a number of satellite pits coming on-line in the Kalgoorlie North project in the next few months. The satellite pits are scheduled to deliver 156,600 tonnes at 2.35gt by March this year. Do the math – they are going to have a lot of cash flow coming in shortly and have a very workable arrangement the Paddington Mill having put money into the mill and only paying working costs to get the gold processed. Norton is scheduled to process 500,000 to 650,000 tones per annum of Excelsior's ore for the next 5-10 years. They say the price of gold has almost bottomed now and in any case with the fallen AUD and the last time I looked the the price per ounce is $A1495. It won't be long before this one is noticed by those who matter and and even Thomson Reuters has upped their rating from 2-4 with a 12 months price target of 20c. Sounds promising – look at long term charts. Gold is starting to look good again in our financial world.