Ann: Production to commence at historic Victorian gold mines, page-247

Gold purity/prices.

Have been a buyer/seller of gold nuggets for many a year, and Victorian gold

is generally regarded as one of the higher purity states. (around 95/96 %).

	STATE	PURITY %
1	Tasmania	92 - 98
2	Victoria	92 - 98
3	New South Wales	92 - 98
4	Queensland	92 - 98
5	South Australia	88 - 96
6	Northern Territory	88 - 96
7	Western Australia	85 - 95

Using 95% as an average grade, if gold is $1,816, (todays P.M. buy price)

1 oz of unrefined gold is worth $1,725.

$55.47 per gram.