Ann: Auger Results Indicate Potential for Napie Resource Growth, page-50

Yes, agree @justdoit7. A price of at least US $100 per ounce in the ground is pretty reasonable , and backed by several other recent acquisitions.

If Peter can build the resource to between 2-3 million ounces , which he seems confident of, then company valued at 200-300 million.

With current shares issued, that is ball park 40-60 cps.

Assume dilution by then to circa 1 billion shares for MKG , then 20-30 cps.

Even at that level its a 5-7 bagger .

CDI is a good location in West Africa, and the two deposits proximity to other gold operations bodes well.

Peter's stated aim of selling the deposit, not attempting to build the mine themselves, cuts out many layers of complexity also.

Just need to increase the grade some more , and link up the deposits into a pitshell or series of pitshells, to make it more attractive.

In two years this could be a very attractive, T/O target.