General Discussion on AAU, page-415

I actually think the options are going to be ok and in the money prior to end of April next year, we need a MC of ~$60m to be at about ~14c at which point i would guess the option price would be around 5 - 6c

if the gold price stays flat and the resource upgrade does come out closer to 2m oz like Brian indicated, then our NPV is going up closer to $400m USD, with funding and off takes secured which i admit are a risk although i believe will occur then achieving 30% of this NPV should be attainable by years end, and this calculates to approx $60m USD for our portion

any other added bonuses such as the legal claim, drill results from ciego de avilla i am not factoring in as they are purely upside to me