jorc estimates, page-16

anyone selling under 30c is giving their stock away IMO

- Anthill should be producing cash shortly, low capex and opex with their MTT ability, located close to roads and facilities in Kalgoorlie. 160k ounce JORC at the moment.

- Goongarrie JORC pending. If it is anything in the region of 50k ounce JORC at higher than 1.5g/t, again that could be very quickly generating cashflow

- They have enough cash to last 2 years

- Low cash burn rate

- With either Bullabulling or Wandanya tenements alone, they could very easily have a JORC in excess of 1 million ounces by end of the year. GGG proved 2 million alone from Bullabulling

even rough back of the enevelope calculations will show this is greatly undervalued