in ground value..., page-8

Really, if PDY/AGU were to sell it rather than mine the deposit themselves, I would put the value at 10cpt for inferred, 20cpt for indicated and 50cpt for a measured resource, taking into account its location and around $3b for a plant.

So the first 500mt target at an inferred stage would have a $50m value. That's $35m to PDY, or about 3cps undiluted. 30% or $15m to AGU would be worth about 5cps. Having managed to reach their target figure of 500mt from the 1st major drilling campaign would in itself add value as people would be more confident of extrapolating the grades over the larger project area. It will give the conceptual 5bt target more credence, hence the sp would most probably reflect some of the future potential. It should also make it easier to attract someone with deep pockets to either develop the project or buy it outright.

This first drilling campaign is critical to PDY and AGU. imo.

I hold AGU.