Just did some calculations from figures in todays ann. re...

Just did some calculations from figures in todays ann. re farm-ins with GRN.

The Seppelt1 pipe which is currently being bulk-tested contains an inferred resource of 1.7 million tonnes at an average grade of 40cts/100 tonnes.

Previous yields have gained an average of $US58.00 = $AUD107.00.

There are 330,851,128 shares on issue.

My calculation results in that being worth $2.20/share.

And then there is the potential for gold discoveries....!

And there are all the other pipes.....and the JV's...!

Anyone want to check my calcs & comment?


Cheers
GZ