Here are my quick calcs based on the HAV slide below. Note that...

Here are my quick calcs based on the HAV slide below. Note that it does not take into account met recoveries, but should be good enough as a guide.

Min transaction price of $205M, with a max transaction price of $428M.



HAV Cu resource has a higher IGV than the AU resource, which equates to a total gold equivalent resource of 8Moz. I've used USD$1800/oz for Au and USD$3.60/lb for Cu. The IGV in USD is used purely to work out the Au equivalent Oz.

At $205M Min



At $428M Max



Happy to discuss the results if someone finds a hole in the maths.

GLTAH