Ann: Strong Drilling Results Continue at Central , page-4

re: Ann: Strong Drilling Results Continue at ... Hey mate,

Yes that's why us retail AAG holders who'd run the numbers were up in arms at the value we received in the takover. CMPG has numberous high grade, open pit, early production potential with some existing assets in place (declines etc...).

Not disparaging the Rover field, it's just that CMPG is the Jewel in the crown.

Undervalued? By a mile.

Some number crunching:
- 414m shares, 27m options (various exercise prices)
- Resource base of 2,994,600 at 4.7g/t
- Market cap at 27cents x 441m shares = $119m
- Cash $19.2, RUM $7m = $26.2m
- Enterprise Valuation = $92.8
- Roughly $31EV/resource ton

And plenty of resource upgrades to come at both CMPG and Rover.

And now talking about production NEXT year.

Exciting times if we don't get screwed again.

JT