There have been manyof comments about the opaqueness of the...

There have been manyof comments about the opaqueness of the accounts but I think that the questionof the actual value of the gold holdings is not in dispute The auditor’s report states:

As at 30 June2023, the group’s inventories are mainly comprised of:

-Gold bullion of$183,753,736

-Silver of$6,355,699; and

-Ore stockpilesof $9,238,386

Furthermore the auditorsstate that their judgements included “Obtaining third party confirmationon existence of gold bullion and silver on hand at reporting date”.

So I am tending tobelieve that the accounts as far as the gold holdings go are accurate but would be interested to hear yourcomments.

Relax guys. The EV as currently calculated for a share price of $3.01 and June 23 account figures is zero!