Ann: Trading Halt, page-25

ADG is massively undervalued. It will rerate. It fell heavily because they took a bit long to prove the project was viable but now that is done they are focusing on exploration and there are many more targets which should yield results like the ones released earlier this week. They're starting with 170k ozs so could end up with a reasonable size project. As ADG said the old timers mined by hand at grades of 35g and they've mined almost 1 mill ozs over the last 100 years so a lot of upside. If they place the shortfall at a premium and use the money to keep drilling I'm happy.