Just had a good read of the Annual Report and last q report and...

Just had a good read of the Annual Report and last q report and am very impressed with the story here.

The best points being:

*strong cash position with future gold sales improving cashflows and profitability this current Q.

* Only 500 mil shares on offer with only 3 mil oppies outstanding (so no likely dillution any time soon)

* Market cap of only 47mil

* Gold price looking strong

* Directors holding 10% of shares on offer and a very good spread across the 4 directors

* Koongie Park project looking very encouraging for future developent of other base metals such as copper and zinc

Very happy to take a stronger position in this tomorrow for a longer term hold.