477,000 oz recovered gold over 4 yr mine life from Nov ’07
...

477,000 oz recovered gold over 4 yr mine life from Nov ’07

De-hedged completely in Sept ’07

Project cash margin = $267/oz*

Project cash flow $92M* (from Sept ’07 using $875/oz spot)

NPV $69M*

Cash returns highly leveraged to gold price

Adds $5M for every $10/oz increase in spot gold above $875/oz
* Note; New LOMP currently being finalised.
Bronzewing

Source: View's AGM Presentation/Announcement 28-11-2007.

wrxsti Synopsis - Current and updated valuations for View Resources (based purely on the Gold resources/mining production and operation alone - on current record Gold prices) suggest that VRE's market cap valuation could/should now be between A$200M -$250M. Refer recent historical valuations indicating an SP of around .58c when Gold was trading at around US$550 per ounce levels.

Higher Oil prices won't even hurt View because they've got their diesel prices hedged at mid-'07 prices.

*Add the imminent Nickel revenue via Joint Venture Partner MCR on to that, and I'd dare to suggest that View will soon emerge as one of the biggest growth stocks to be seen in 2008.

Exciting times are certainly ahead here, and the market will soon start to see the enormous potential offered,
if not already.

Good news will be very close at hand IMO - in order to gain maximum exposure and positive PR/spin to the current Gold price surge.

Congrats and Best Wishes to the patient and bold VRE believers and holders.

wrxsti