Ann: Results of Meeting, page-19

Good comparison. Yes your calcs do seem right except for one big error.
The 40,000 oz does not take into account the latest discoveries yet to be quantified.
I reckon by 3 years we could be closer to 80,000 oz plus pa.
I don't want to jump the gun too much here on estimates, but I think the JORC will be at least 1 million oz without adding the ridiculous amount of high value targets identified by IRG scanning that need proving up.

On your figures which do look reasonable my $2 forecast is unrealistically low. I am not sure now what the figure will be.
Brad Gordon wasn't wrong when he suggested we will become Tier 2 gold producers which puts us in the category of Evolution, Northern Star etc..
There is no doubt about it IMO this stock is going to fly! I just hope the price remains low into next year as I want to seriously beef up my holding about mid-year.