Gidgee resources at 30 June, 2003, totalled, 515,705 ounces in...

Gidgee resources at 30 June, 2003, totalled, 515,705 ounces in the measured, indicated and inferred categories.

This supports at least 7 years at 70,000 ounces a year.

Given the recent "bonanza" grades from the Tasmania lode and new finds at both Senagal and Mali, (which are easily accessable from the existing Swan Bitter workings)...I think it is safe to assume that LEG would now have at least 10 years remaining production at current levels.

Perhaps more importantly, the Senagal and Mali discoveries potentially open up an additional 4.5km exloration zone...

I accept that earnings multiples are always difficult to set, but I think given the above mentioned life of mine figures and high possibility of additional finds, a multiple of 7 is not too far off the mark.

Cheers!