The stars are becoming aligned:* Gold price closing in on...

The stars are becoming aligned:

* Gold price closing in on historic highs.

* RED5 share price now at cash backing of 3.7 cents per share

* Siana project about to clear last technical, regulatory and ownership hurdles

* THERE IS NO IMPLIED VALUE ASSIGNED IN RED5 SHARE PRICE FOR ITS SIANA GOLD PROJECT. At US$800/oz Siana on a mid case scenario was worth $120 million NPV (=> 18 cents per share). The mid case does not include the increased underground mining inventory. Thus a share price run to close to 20 cents per share is not unrealistic based on a conservative outlook for gold. In a bull run for gold and gold equities . . . THE SKY IS THE LIMIT

If the international commentators are correct then the price of gold is ready to boom to historic highs, beyond the US$1,000 per oz mark.

RED5 appears on the cusp of having all its outstanding milestones being achieved for Siana development, apart from financing.

RED5 share price is set to take off and this is now finally being reflected in a tighter trading pattern in the past week. If you are not on board soon then it may be too late!!!