option expiry date 21 july 2015, page-3

Interesting to consider what our share price may be by July 2015, given my prediction and others that we have a 50 year mine life on our hands here. Take into account the value of the pure products (not factored into current NPV calculation!!), our likely exchange rate, and a very large resource...1bt is definitely on the cards ( I have heard this at presentations etc).... my humble calculator starts to give off steam when I start doing the numbers on what the ultimate NPV of MT Peake may well be. Discount that for whatever you wish to factor in, and we are at a share price which makes these oppies look wildly attractive, assuming some serious progress over the next 15 months. I, as you, was eyeing the ones for sale!!

I also do not discount the upside of our other projects which are lining up, and the value which could easily be created via a spin -out or TWO!