News: AOP Exore Resources Says Made Payment Of US$4.5 Mln To Apollo Consolidated To Buy Remaining..., page-5

I've just revised my model for AOP. Reason being is that I initially had valued the Cote D’Ivoire Bagoe & Liberty projects at much less than the $US4.5Mn they have just banked. Furthermore, I've revised the valuation based on recent drilling result announcement as well as the sharp increase in gold prices. At a spot gold price of $US1,800 (being conservative), the project NPV has risen sharply and my new share price target is well in the 1$ range. Let's hope I'm right, looks like others are also starting to see value with the SP rally.