Most undervalued Gold producer on the ASX, page-9

	Column 1	Column 2	Column 3	Column 4
1			Gold	Silver
2	Pearse Open Pit	235000	6.9g/t	71.70 g/t
3	Pearse North	203000	2.1g/t	21.1 g/t
4			1,621,500.00	16,849,500.00
5			426,300.00	4,283,300.00
6		Total	2,047,800.00	21,132,800.00
7
8	Gram to Ounce	28.4:1	72,234.08	745,438.19
9
10	Gold Price per oz	1600	115,574,525.12
11	Silver Price oz	19.5		14,536,044.73

Per page 4 our the announcement