WA8 44 million market cap.You get a lot of bang for your buck.*...

WA8 44 million market cap.

You get a lot of bang for your buck.

* 9.6 million cash

* Big Springs estimated value base case $20 per ounce USD * 1,014,000 oz = $20,280,000 USD (30,760,704.00 AUD)

* Fields Find (highly prospective for gold and base metals tenement package) estimated value = $3,000,000

* Linden Gold Royalty estimated base case value = $2,500,000

Total value of portfolio not including Golden Range = $45,860,704

Golden Range gold inventory and infrastructure ostensibly ascribed zero value by market.

Tough market!!!