a little background, page-32

OMG santoo2

Get out now...

Only 5 holes needed? How do we know ? Will it be open pit (loww tonnes) or underground? Five holes will give them a JOR-code compliant resource. THEN, if the numebrs stack up, they need to convert to higher confidence category ahead of pre-feasability studies. If underground potential, expect the pre-feas to dictate further drilling ahead of any commitment to mine...

Then we have:
5,600,000 g is actually 180,000 oz RESOURCE. Let's say that converts to 150,000 'RESERVE'. At your conservative end of $400/oz lear, that is $60 million. Less development capital and interest, maybe $40 million left... The point here is that it is very easy to multiply numbers, but there are many aspects that need to be considered (and many that I have missed out)...

As people often say, do your research.

This company has excellent potential, and a long way to go from this very low market cap - all going well, it ought to get to at least $100 mil cap in 18 - 24 mths. In that case, we ought to see a steady, progressive rise in the sp over that time...