fully valued????, page-8

I think AUD$100 should be your figure as this represents net profit.

So again i have a resource equivalent to 500,000 onces multiplied by AUD$100 = $50 million divided by 350,000,000 shares = 14.5 cents.

To pay more than 17 cents is risky until the resource estimate is upgraded at which time a higher price can be paid but to say they should be valued at 49 cents based on POSSIBLE resource upgrade to 1,000,000 ounces is a little optimistic and speculative.

Cheers.