Ann: Newcrest Mining Ltd Earn-In Agreement Signed, page-3

re: Ann: Newcrest Mining Ltd Earn-In Agreemen... I still scratch my head when looking at the market cap figure above. The NCM deal values our 40% share of andewa at 13 million, so when you add our drilling equipment and about 3 mill cash plus value of trained drill crew and carry to bfs with payments only if we make a profit that about covers the mc. So by extension the market values the jv with okt (they are spending 60 mill then carry to bfs on 5great prospects), the sudest el and Tassie at well um uh NOTHING.