2021 NVA chart, page-866

Mining is at least 4 years away.

Our valuation is influenced by the proven size of our resources (Korbel and RPM), the prospectivity of our land holding across Estelle (total oz across all prospects - named and unnamed), and the ability to deliver and hit deadlines.

The 5 year gold price chart has a low of around $1200.

I think it is highly unlikely the price of gold will go back down to that level, but if we use a gold price of around $1500/oz as our base, that should give us a fair idea as to the value and profitability of our company.

Of course, many are saying the price of gold should and will head back above $2000, and some people speculating $3000+ in 5 years time.

I am not going to say the share price won't go back to $0.10c, but I think it is highly unlikely given a large portion of the drilling has been completed and is with the lab for assessment, and the size and confidence in the grade of the resource is increasing.