blast off, page-4

16% yield

1.2bt = 192mt saleable

50% ownership after measured JORC

so currently 96mt potential for UNV

can buy an additional 24% at market value, determined by an independent valuer

16% yield means 84% of the JORC tonnage is shale, mud & other rubbish

this is similar to RES, which must build a high capex wash plant to recover their 25% or so yield

so UNV is the same. alot of washing to do, if they can ever get this up & running