Ann: Mineral Resource Estimate - Four Mile Northeast, page-68

FO

Can you determine what four mile is worth?
Taking into account we don't know exactly what ACE has atm, assume both 15% (Dec 2016) or through some miracle a return to 25% post the Court matter.!

The highest valuation I've seen is 240m (25%) from memory. I don't believe that was matched during the Deloitte process. Lets say its a hunch on my part. imo

Also, What would return greater value to shareholders, sell or hold ACE in your opinion?


Md