Share Price, page-55

At end March.

$26.8m cash and gold
$9.5m rehab bonds
$.25m Goldstone holding
$2m Bendigo Plant (for sale).

Total: $38.55m + gold assets

- $6.69m redundancy provisions
- $3.47m mine rehab provision

NET: $28.4m (or 2.49cps) - 1,140,312,866 shares on issue.

By end of 2015.
Estimate + $6m + $5m + $4m from Henty.

Realistic net cash + liquid assets = $43.4m or 3.8c
Not accounting for any assets (Dargues).

Even with a circa 20% discount to cash end 2015, this could easily 2 bag and be under cash.

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