Peer Valuation, page-2

We are no where near average, and we have so much up side, correct me if I'm wrong but as a rough for what the MRE shows we are worth $2.50, if we look at how low risk we are and what the bigger picture is, $2.50 is a low ball in my mind.

Our discovery cost (risk) was a worth showing off at $15(per oz) last year, now its even lower at $8.50, we are open in all directions, with current money we could have another 10,000,000 ozs coming (hopefully scooby). DEG also are increasing drill rigs on site, compared the the start of the last year, which has allowed us to find 450k oz per month, every year we should be finding enough to increase the share price (current share value) by $1.13 based on the $265 per oz. Last but not least I would love to see us double the MRE with depth; " At Brolga, Aquila, Crow and Falcon gold mineralisation is known to extend to at least 500m depth. Only limited drilling has been completed beyond 300m depth"

$2.5 what a deal, wonder what the dividends will be like in 5 years when we are mining.