what is going on?, page-12

SCD The one thing with BGF is the certainty of the Ballart East business model. If you read the ABN report you will see they talk about "considerable upside" in grades for the project. Becuse there is much "course gold" in the samples the likelyhood is that total resources are possibly significantly underestimated. BGF has solid numbers on where things are at at the moment and a tangible inducement of potential upside. From memory ABN gave a valuation of 44c taking into consideration of the potential.