Ann: Positive Drilling Results Continue Cameron G, page-8

re: Ann: Positive Drilling Results Continue C... Hi scapingit,

I think your valuation of 0.94c is about right as have heard the managements own fair valuation at this time is around $1. Of course these are based on current JORC which we expect to be upgraded and doesn't include any of the new prospects purchased in the past year where little discovery work is being done to date so as each milestone towards mining is ticked off and these new prospects begin to be surveyed we should only expect this valuation to creep higher.

Even if there were any current processing facilities on site they in no way would be capable of handling the quantity to be put through it once this mine is up and running so for all valuation purposes I think it is safe to assume a new facility will be needed.

Either way whether a 0.94 1.00 or 1.35 vaulation with the current price at 0.16 this stock is a buy.

As always do your own research and this is NOT investment advice.