market cap, shareprice etc, page-112

The pending resource upgrades are for Golden Crown and Great Fingall which are high grade gold (circa 9 g/t) and open at depth so there could be a good chance of perhaps a 250k ounce upgrade by the end of the year, if they can get the Trenton numbers included by that time.

The results of the mining studies are crucial to the value of AAG, particulalry if they come in under $800 an ounce which is RMS Mt Magnet projected costs.

$600 an ounce would be exceptional and I'm thinking probably around $700-$750-ish is most likely, although that is only based on my own back of the envelope calcs. If the costs come in on the early side of the costcurve it would make the company very attractive as a stand alone, single project prospect.

JT