starting the climb back, page-36

Have done a very quick check, my calcs show:

- weighted average grade of intersections = 9.6%. Hence 8% is a good estimate as there will be lower grade results we have not been told about.

- Average intersection width down hole is 13.1 m. Assume 8 m true with.

Guessing 600m strike and 100 m depth gives 1.7 Mt. Probably not viable but has some potential with further hits. My quick valuation indicates reasonable current valuation with some good upside if say 5 Mt is achieved as T4P has indicated.

I will leave this one alone, I think more value in companies closer to production like TZN but happy for some feedback on alternative view.

Process