Ann: Drilling Commences on High-Grade Gold at Hillgrove, page-26

Hello Wack!

Apologies if this is a bit of a silly question but I'd love to pick your brain about the Hillgrove Project if you have the time.

I did the most basic of calculations last night, where I simply timed the ounce estimate by the spot gold price.

That figure came out to roughly $4 billion (1.4 mil ounces x $3.3k AUD spot gold).

I'm certain that my calculation is far, far too reductive to be applied but regardless, I can't seem to figure out how a company sitting on a deposit THAT BIG is still only hovering around a $15-20 million MC - do you have any insight into that?

I get this feeling that this stock will absolutely explode but I can't seem to identify what will trigger that.

For example, your mention of VG is super exciting but I can't figure out why VG would matter when there's already a resource estimate - do you have any information on that as well?

Thanks again, and sorry for the super dumb questions haha