announcement on sharenet for aflease., page-5

At current prices of 20c (post 20:1 consolidation), and with an epected 550.3m shares on issue post consolidation, BMO is currently on a Mkt Cap of over $100m (refer HArtleys research dated 21st Nov, page 2)

What do they have to show for this?

An 8-year mine with a 1.4Moz reserve.

There is a lot of talk about their 15Moz resource but none of this is proven yet, let alone converted to a Reserve.

BMO/Gold One have aspirations and vision to be a 500,000 ounce pa producer but that is a loooong way off and is dependent on a lot of mining/exploration success among their greenfield projects.

BMO is not cheap at current levels - having doubled since the Gold One announcement.

And there is still the small matter of the Aflease bonds converting into BMO convertible bonds which will eventually convert into further shares.

Obviously, for existing shareholders this is a long term HOLD, but I would expect that newbies will have plenty of opportunity to get on board cheaply if they exercise patience.

There is still a heap of risk attached to this project but at least long suffering holders have "hope" of for the future. The small manegment team have done well to identify a project with some legs but we have a long way to go so there is no need to rush in like some have done - paying 1.3 to 1.5c