Ann: Trading Halt, page-36

This is good CR to start production. Here is my rough NPV value without counting tax. I hope we can produce 100000 oz per year. I assume gold price from now at least will be arkund 4000 aud for next 4 years. And my estimate for toral cost is 2000aud per oz. So we have 2000aud net profit before tax. I believe we now have 3 million oz hence my net value for us 6 billion NOW = 3mil x 2000 aud net. We.can produce 100k very high quality gold for 30 years..but we all know we still.have so much in our drills coming so my expectation we could have 5 Mil oz resource or even more...we will be one of the big high grade producer comparing with others.
hence if someone wants to take over us my minimum must be 6 Billion almost same with DEG but we have all other benefits now compared to DEG. Anywat with 6 billion my to sp targer must be minimum 5x current sp...all my musing and opinion only. Not financial advice.