40c by xmas , page-3

I dont know how high KAL will go but it is extremely more likely to be higher than lower by year's end

We are currently on 1.2m ounces at a cut off of 1g/t. This does not take into account the latest drill results for Mt Henry and Selene. Notice the much higher grades recorded at Selene and Henry in their respective announcements.

As we go from inferred to indicated to measured, watch the resource grow and watch the other mineralisation targets that will be drilled in the next few months that were not tested by the previous owners.

There are another 9 zones to test.

Conservatily we will see the resource upgraded to around 1.8m ounces in the next week using a cut off grade of 1/gt. Using the old cut off grade of 0.7g/t, the resource would be closer to 2.5m ounces. Given the proximity of the mineralisation to surface and a robust gold price, a cut off grade of 0.7g/t would not be uneconomical.