re: gold t/o offer ....wooo hooo!! Sabre, You know I think we...

re: gold t/o offer ....wooo hooo!! Sabre, You know I think we are the only ones following AGZ :)

As to the price of the T/O offer-
With gold at $860 AUD, the gold in resource is worth 71,500oz Au x $860AUD =$61.5M. The Antimony 11,580T Sb x $5777 Aud=$66.9M

Making the reserve worth a nominal 130M based on original reserve figures prior to commencment of open cut operations.

With the orebody being found to be approximately 100% wider than originally thought before open cutting, this gives potential for an increase in probable reserve of around 100%.

This would bring the in ground value up to around 260M.

Divide by the number of shares (131.286M) This equates to a value range of $1 - $2 per share for the inground reserve :) There is no factor for the ore bodies being open ended.

That is why I think there would have to be a premium for the potential upgrading of reserves. Wooooo......Hoooooo!

My tip would be around $1:50, possibly up to $2:50 if there is some extra info we have not yet heard about.