Ann: Results from Infill RC Drilling at Kilimani, Nyanzaga, page-7

TIE resource is 3.3moz @ 1.2gt and assumes gold price of $1,700 USD and is a brand new resource (everything dragged in).It also assumes a mixture of 0.3gt and 1gt cut off grades.

ORR resource is 3moz @ 4gt and assumes gold price of $1,250 USD in an old resource (will increase dramatically when remodelled without drilling any additional holes).It uses a much higher cut off grade of 1.5gt, which means by dropping it to what TIE used to model, you can increase ounces dramatically.

I think you will find that given ORR is approx 4x the grade, is modelled at a much more conservative $500 USD cheaper per Oz and is going to be much larger and is much more resilient to movements in the POG, ORR should be valued a minimum of 4-5x as much as TIE.