'North Portia currently ... 101,000 tonnes of copper, 234,000...

'North Portia currently ... 101,000 tonnes of copper, 234,000 ounces of gold and 5.68 million kg of molybdenum.'

North Portia's estimated ISV (in-situ value) at current prices is set out below:

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6
0	Resource	Qty	UoM	Spot	FX	ISV $A
1	Au	234,000	oz	1346.59	0.806	390,945,484
2	Cu	101,000	tonne	6800	0.806	852,109,181
3	Mo	5,680,000	kg	15.97	0.806	112,557,022
4						1,355,611,687

The value factors ranging from 2 to 5% are rules of thumb used in the industry to value mineral resources under the VALMIN code (Canaccord, August 2012 Research Report). These generate the following respective estimates for North Portia:

	Column 1	Column 2	Column 3
0	ISV Factor	Estimate A$	$A ps diluted
1	2%	27,112,233.75	$0.14
2	3%	40,668,350.62	$0.21
3	4%	54,224,467.49	$0.28
4	5%	67,780,584.37	$0.36

DYOR