13m buy at 0.7c, page-26

While you're doing the maths consider this:

The Torian / Varun JV (VCI) has the rights to the Fort Du-phine area of Southern madagascar (this is very seperate to the Vatovorona project discussed above)

And here is an extract regarding that area:

1966, UNO (United Nation Organization) has also conducted separate research program in the said region and confirmed the occurrence of Gold & Platinum.
As per the historical estimation and drilling made by UNO it can be estimated the following reserve base....

Gold: 20 Tonnes (30% higher quantity can be available).

Platinum: 10 Tonnes (30% higher quantity can be available).


http://www.varunmadagascar.com/index.php?option=com_content&view=article&id=54&Itemid=63&lang=en