I notice in the update the resources and reserves have been...

I notice in the update the resources and reserves have been corrected from Koz to M'n oz Bravo I was really starting to get cold feet.

The enterprise value per oz have been left as before which begs the question as to who's worrying about the detail. Its obviously not something Peter Cook has time for. I have asked the question and await a response.

$59 x 15.4 m'n oz gives an EV of $908m
$172 x 2.89 M'n oz gives an EV of $497m

Which aren't even in the same paddock unless I'm missing something.

The last reported NAV per share was 82c which gives a Price / Nav ratio of 1.6 approx or conversely a NAV / price ratio of .6

The presentation suggests that The price / Nav ratio is .6 One has to think that that is the NAV / Price ratio which is of course is vastly different and a lot of cents short in the dollar rather than a cup overflowing.

I notice proven reserves are only 110,000 oz and forecast production is 450,000 oz /annum.

Can any of you mining buffs give me some comfort that its really possible to develop a mining plan and accurate cost estimate when you haven't got a lot of detailed information about what you might find if you send in the dirt munches at great expense.

Gambling responsibly is a bit difficult when there is a lot of smoke and mirrors.