Ann: Satellite Pit Resources update delivers 1.49M oz of gold, page-13

This is a great result and they aren't wasting any time here!!

Keep in mind this DOES NOT include the Morila Pit resource upgrade from the $1250 shell to the new $1800 current gold price! Let alone the new drilling they've been doing around the Morila pit testing stockpiles...they're not going to leave anything behind this time!

So my basic calculations tell me this will now be a 10 year LOM at around 140,000 oz gold annually. In 6 months time, all going to plan, I would expect we'd be producing near this amount! If that is the case we'd be bring in around $100,000,000 cash flow(US800/oz after ASIC), which should attract a say 15p/e so USD1.5b MC.

Not including the Lithium, that can wait but it would double our cashflow!

UNDERVALUED...