retreat, page-16

Sorry peoples bad expression of the units used here,rough as they are.

Also have a look at what IGC want for their 15% of Tubatse(60M Ozs approx inferred).This equates to 9M Ozs of the inferred,say 10M Ozs for ease of calcs.This values IGC's Tubatse PGM's at 6M/Oz if the deal is $60M for the 15%.And these PGM's would be mostly deeper than Dewilt's.

It SHOULD read

Also have a look at what IGC want for their 15% of Tubatse(60M Ozs approx inferred).This equates to 9M Ozs of the inferred,say 10M Ozs for ease of calcs.This values IGC's Tubatse PGM's at $6M per million Ozs if the deal is $60M for the 15%.And these PGM's would be mostly deeper than Dewilt's.

d.