Hi GC,I agree, there is some value here but it will only really...

Hi GC,

I agree, there is some value here but it will only really show in maybe a couple of years time when we know how extensive the reserves turn out to be in the Northern Tenements. I believe a target of over 15 Mt with a grade of over 1.6 gpt is achievable. With Stone's connections in China a relatively cheap processing plant of about 2.5Mt pa for 6+ years while other resources are proven up to reserve category and JORC compliancy. Alpha should kick in some decent cash as well as the garade should be about 3.3 gpt. Toll treatment should keep the plant active for 12 months while the bulk of the exploration is carried out. Gold price should remain strong for the foreseeable future so small risk on the IRR dropping significantly. Here's hoping!!