independent valuers report, page-8

Thanks for information Snook. I assume that your information is based on a recent phone call to AOH.

Any value arrived at will be for minerals in the ground. Obviously Xstrata with the presence of Ernest Henry can achieve production more cheaply than a company who has to start from the ground up and build their own plant. Viability depends on existing infra structure.

Also from the Valmin code it seems that the value of the area is specific to the mineral/metal under consideration which presumably is copper-gold, but would exclude any 'blue-sky' possible, but unproven, potential of other minerals/metals such as uranium, zinc, molybdenum.