inground value as at 16 march, page-7

Sorry to mislead - I have now modified the table to reflect that CMR is now only entitled to 50% of the base metals in the RJMF and 100% of the U.

The other 50% of RJMF base metals is owned by HNC in return for the funding of CMR's Oxide and Sulplide mines - $72M + $650M plus 70% of the RJMF base metals explorations costs over the next 5 years

It is still a very pleasing IGV - it equates to AUD$113 per share. Says it all really.

Can't wait to read about an upgrade once they have factored in all the recent drilling results - and we should have some Zinc tonnage values next time.

Note that the table doesn't show anything at the moment for NSW or Peru - HNC is not involved.