---gold fever____, page-19

re: ## red alert ##to probing - to probing i think that your maths is a bit out. without double checking everything, i think that smm have about 180 m shares on issue, which works out to be a market cap of about $144m. now if you think that 80% of this market cap is equated to the value of the joint ventures with rsg - then that works out to be $115m (80% x 144m). then this is the value that should be relevant for rsg. divide $115m by 228m shares, then that very nicely works out to be 50c per share - then throw in some other uraniaum assets - then that should work out to be about 55c per share - all up

tell me where i am wrong in my calculations