By my rough calcs and a bit of poetic license I rounded our...

By my rough calcs and a bit of poetic license I rounded our reserve to 5m oz gold 16m pounds uranium.

There's $9bn USD of gold to come up the decline and $1bn in Uranium revenue $66 USD per pound.

If you then use a bit more poetic license and believe that the old JORC of 12m Oz drilled at 200m x 200m will definitely convert to 12m Oz at 50m x 50m (new JORC code) then it's $21.6bn of gold revenue open at depth as well.

Give a conservative 40% profit margin $1000 usd ounce cost vs $1800 usd sales over the life of mine and factor in WWI only has 66% it's still $2.64bn profit over x years of production to come to a company currently valued at $39m market cap.

Or another way to look at it once we are pumping 70000 ounces within 3 years with a profit margin of $800 USD per ounce roughly the company that is currently valued at $39m AUD will be making a profit of ($35.9m USD for their 66% or what not). We should have a market cap approaching $200m AUD by then hopefully hold long enough (5-10 years) 200k ounces plus from the old Durban deeps and some new exploration projects maybe in SA given we will have a track record of delivering on growth and jobs for the govt we will hit $1 a share if not taken out!

If I didn't have my other money tied up in Sacgasco and Melbana I'd buy more feel WWI is still a slow burn atm 8 months time we should be 5 cents would be my estimate.