:)Big effort there BeerBaronMy 2 cents worth:1] I personaly cant...

:)

Big effort there BeerBaron

My 2 cents worth:

1] I personaly cant put a value on the 9km zone to the South, purely because its a conceptual exploration target at this stage. Once positive drill results are gained it would be a different story. As you say, it could end up being great, but more realistic to not value it at this time.

However:

2] I reckon you have significanly UNDERESTIMATED the final resources in zones 1 & 2. The deposits are still open along strike & down dip, and IMO will see a total for the two of in excess of 300mlbs ... my target is 320mlbs. I also feel that there is NO NEED to devalue zone 2. You will find it is actually not much deeper than zone 1, and in the end wont make any difference to RIO. The desert sands will be easy to remove, and once the orebody is exposed, its all simple from there.

So using 320mlbs @ US$10 ($.070 exch-rate) .... I come up with:

AUD$19.62 for zones 1&2 only

I have attributed no value to Ida Dome & the exploration target. People can decide to do what they wish with that.

cheers