Ann: Trading Halt, page-6

Australian is my 2nd language and I did not check grammar properly. But I would say, if I direct the full Moon in the beautiful night sky, I would be happy if you could watch the Moon but not my directing fingure only. The fact is Homestead (baby) is ours but not SFRs. It seems SFR wants a baby(ies)(Homstead and likley Vulcan West, etc) desperately like 'phantom pregnacy' even it was wrongful and wishful thinking. Whatsoever any reasons or story behind curtains that we do not know, if they are genuine professionals, they must decide and inform us what their genuine intention about farm-in agreement  for potential future JV with the company clearly, properly and timely by next month.


About our FR prospectivity, I would like to my keep previous view as my previous post on 24 May 2018:

For entertainment purpose only:
As SIR was taken over by IGO at $1.8 billion for 100% ownership of Nova/Bollinger in May 2015,
if I figure out rough company valuation for only FR tenements:

Minimum finding 1 or equivalent of Nova/Bollinger Ni-Cu-Co-(PGE) deposit: $1.8 billion
So ENT holds 30% equals $ 0.54 billion
$ 0.54 billion divided by 335m shares equals: $1.61 per share

Maximum finding 16 or equivalent of Nova/Bollinger Ni-Cu-Co-(PGE) depsoits: $ 1.8x16=$28.8 billion
So 30% equals $ 8.64 billion
$ 8.64 billion divided by 335m shares equals $ 25.79/share

Therefore, comapny share value for only FR tenements equals between minimum $ 1.61 and around  
$ 25.79 per share.(excluding potential gold findings).


Regards,