where ovr stands today, page-12

nathan thanks for the rundown, great stuff.

I remember you mentioned using a rule of thumb valuation for the stage 1 juniour explorers as 15% to 20% of in ground value as an indicative share price. Do you have a rule of thumb for the stage 2 & 3 mentioned above?

Also I've been trying this valuation out on a few other explorers. Is the IGV as simple as the tonage of estimated raw material by the current spot price if this is all that is available in the early stages because these numbers work out high. I notice your calcs have been using NPV from company announcements less any cost figures available for your estimates.

Thanks
Rhodes