Ann: Positive Results for Taronga Ore-sorting Test Work, page-202

2.7 bil....that will get them half way to building T2!!!!

They are at 2.25 billion which if diluted will provide another $5.1 million cash from options.

T1 pays for itself....

G2 pays for anything outside of T2 you like...plus the $5 mill from options

So your looking at a scenario where you have 2.25 billion plus 85 million Lind shares to add at 3.5c...= 2.335 billion

2 year plan = $5 million plus cash from ops
$10-20 profits from G2....Total cash for 2 years is $15-25 million with all T1 upside and DFD paid for from T1 proceedings.

T1 all the way to dfs = upside
$15-25 million cash for 2 years development of Granville, Mt Cobalt and Pmebroke = Upside.

Toward the end of the 2 year period what will the share price be on a decision to min Taronga and 2.335 billion shares.

DFS, Mt Cobalt and Pemproke Jorc, more cash coming out of Granville.....

At 20c a share and 500m mc which the DFs and Mt Cobalt, Pembroke Jorc and Granville LOM/JV....every 100 mil shares is $20 million dollars...


Your 2.7 billion gives us the whole capex for T2 if its played right and only a $520 million MC for a built monster....