I forgot to mention that my valuation figures I posted last week are based on the historical shallow drilling that was used for the 2013 JORC of about 3mio Oz.
BEZ says once they drill below the previous shallow depth's of 80 metres and expect to find additional gold that expect the JORC resource to be upgraded to between 4 to 9mio Oz.
If that was to happen you can double or triple my previous novice BEZ CDI per share valuation.
But as I said I just used simple elementary analysis of number of shares divided by JORC resource by an AUD gold price and then discounted it by 2/3's for costs.
I prefer you get a proper equity resource analyst rather than reply on my novice calculations.
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