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Hmm KWR, KWR .. what to say about this pick. Well the chart has sure improved which is hardly a benefit in the comp. The last chart I posted showed the worst of it and the full red candle morphed into a huge reversal hammer candle by end of day. Since then the price has rallied out of the downtrend and looks ok for the short term.

Of course progress for the year will depend on all the forms of planned drilling on Lake Goongarrie: AC, RC and Diamond for which the company is well funded for the year. Campaign really kicks off in January and holders are dying to get more information, particularly from diamond drilling, as to what in the bedrock has been feeding the water eroded, gold bearing gravel in the discovered deep lead beneath the lake cover. They think the source could be directly below or very close. They have invested in a specially adapted track mounted drilling rig to do the job since the first rig used was getting bogged in lake sediment. Should result in heaps of news over the year.

For the upcoming year I also have hopes for progress at the Menzies Gold Project north of Goongarrie. They will be doing some drilling at MGP too but my greater anticipation is a second party deal or two to be finalised for joint venturing some of the gold resources already delineated by Kingwest. FMR Ltd, which has its own mill at Coolgardie, has already shown tangible interest but I get the feeling they are dragging their heels. Success at joint venturing could fund KWR's drilling bills for years to come - that's the dream anyway. AIMO.

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