Ann: Gold Mineralisation Extended 360m South of Butchers Creek, page-100

With what looks like 100koz at the base of the pit, from the report and from the 2004 unofficial JORC, you’re probably looking at $150M worth of gold after an AISC of approx $1000/oz. these are just rough numbers from what we know, not official of course. If the footprint doubles or triples, then you could potentially apply multiples to that number. Remember 52,000 Oz were already mined. Good news is they dug out most of the pit before they walked away and mining lease is currently active. As AT has said we will look at de-watering the pit and commencing mining. Purely based upon gold in situ the company could justify a higher sp in the vicinity of 12c ps. That’s just based upon current MC of ~$75M @ 6c.
These are hypothetical numbers and depend on many factors so please take with a grain of salt. I’m holding quite comfortably here and look forward to the upcoming assays, especially from the three holes with visible gold.