Ann: Expiry of Unlisted Options, page-17

I take from that Avago, that you've not done any analysis on the value of the company and the $0.10/share is a wish rather than a valuation. Or is it your break even price and hence the wish, or maybe something to keep the mental arithmetic simple? You never know, one day they may publish a resource for Mt Freda and then a reserve and FS which would allow some rudimentary valuation. The last quarterly did say the Resource would be released within weeks, so we might have something by July. To place any value though, we would need to see a Reserve and FS. They seem to have gone a bit quiet about the Golden Mile resource so I think we're safe to value that piece of the jigsaw at a few kopeks only.