Ann: Near Surface Hi-Grade Gold Intersections at Crusader-Templar, page-28

Here are my quick calcs based on the HAV slide below. Note that it does not take into account met recoveries, but should be good enough as a guide.

Min transaction price of $205M, with a max transaction price of $428M.



HAV Cu resource has a higher IGV than the AU resource, which equates to a total gold equivalent resource of 8Moz. I've used USD$1800/oz for Au and USD$3.60/lb for Cu. The IGV in USD is used purely to work out the Au equivalent Oz.

At $205M Min



At $428M Max



Happy to discuss the results if someone finds a hole in the maths.

GLTAH