http://www.edisoninvestmentresearch.co.uk/sectorreports/GoldJan10...

http://www.edisoninvestmentresearch.co.uk/sectorreports/GoldJan10.pdf

2nd or 3rd page will give you value of oz of gold on ASX, LSE and TSX markets.
For ASX 91.5 $ for inferred and 143.5 for indicated oz of gold. These are avearge values but here you are.

So I will just put valuation on Lindsays based on Carrick website.

Indicated oz=70358+647756= 718 114 oz at Lindsay's central+eastern

Inferred oz=51324+2228284= 2 279 608 oz at Lindsay's central + eastern

Measured oz=41 679oz

Value based only on Lindsay's prospects and value per oz taken from edisson report

718 114x143.5+2 279 608x 91.5 +738.5x41 679=103 mln+208.5 mln+31mln= 260 mln based on Lindsays deposit alone
This valuation is open to debate but I did discount all other maller deposits around Lindsay's and used figures from Edisson report. It is however true that until management problems are not fixed our oz will trade at discount.

This is far higher than todays market cap of around 60 million.