bids being lowered 2 avoid distressed sellers, page-2

to panic sellers 1 AGS have also no expenses through drilling, scoping study, FS, & BFS

2 Then we have all the uranium leases around Bev4-mile

3 Capex to production will be very low comparitively with Beverley next door.

AGS is the only Australian Listed Company within Australia (other than RIO/ERA or BHP) that can be earning uranium dollars by 2010.

Many experts are tipping Uranium prices to be USD$200lb+ by 2010.

AGS (BEFORE the latest results) had a current non-jorc resource of Uranium mineralisation @:4ml2 @ .04% for 136,020,768 lbs (51,415 t) of U3O8 = inground value: $8,731,062,821 ($8.7bil) (AGS share 25%) = $2,182,765,705.21

Inground value per share: $9.54

Me no panic..