investor presentation - 25th august 2011, page-3

Additionally, let's not forget the last two analyst reports available on Coventry website as well:

http://www.coventryres.com/pdfs/AnalystReportHelmsec11Mar11.pdf

http://www.coventryres.com/pdfs/AnalystReportArgonautResearch31Aug11.pdf

First report released back in May this year is a quite detailled analysis of Coventry and its current projects. Back then, CVY share price was 28 cents and this reports gave us a peer valuation between 70 cents and 1.27AUD .

Last report by Argonaut gives a current and proper valuation of 39 cents, based on a POG of 1100$ and a total ressource of 1Moz. This doesn't take into account the recent surge in gold price, neither the great 40 000m drilling results done so far...

This company has over 7 millions of cash at the moment and is going to update it's JORC resources by year end, targeting 2-3 millions oz of gold...

Current Market Cap: 35M.
Last capital raising at 26 cents.
Switching from Explorer to Developer. Producer in 2013.
Minimum risk at this stage, fundamentals are outstanding.

The world economic turmoil is the only downside at the moment and probably explains the current low valuation.

News over the next few months will definitely set a proper valuation, reflecting more the fundamentals of this junior.

Patience is the key! (as always in stock markets)

DYOR of course!