It amazes me that the majority of posters here are still under...

It amazes me that the majority of posters here are still under the ill-concieved impression that View's Bronzewing mine is only going to be around for 4 or 5 years, and that VRE has only got 500,000 odd ozs. of Gold up its sleeve.

The truth is in the detail in the sense that all official quotations/details in releases and announcements clearly show that View has already got an inferred/indicated gold resource of 805,000, plus the more recently added 60,000, plus, plus, and counting. They do have some 1,500 kilometres of proven and prime holdings/tenements to continue further exploration and evaluation after all.

All mentions of a 4 to 5 year mine life quite clearly show that this is an 'initial' estimate, no doubt created expressly for the purposes of the feasibility study prior
to the Bronzewing recommencement.(Refer announcement below)

Now call me an optimist, but I can quite clearly derive from my research, based on official and released announcements, that the VRE Bronzewing mine will

1) Produce more than 30,000ozs. of Gold in this current quarter and beyond (30,000ozs. again being purely an anticipated minimum target set by Management purely to suit the feasibility study, and consequent business model). *Based on December's excellent output and further improvements in the system.

2) Be around a lot, lot longer than the 'initial' 4 or 5 years.

3) Now be a Cash-Cow a whole lot quicker being totally debt-free, unhedged, and at full mine ramp up speed, with the Gold Price threatening to explode still further.

4) Become a viable option for other juniors in the vicinity to enter into toll treating agreements to produce Gold for them, all the while creating further and additional revenue.

5) Be cashed up and in a position of strength in future mergers and aquisition opportunities.

*Footnote:- Re Carnilya Hill, it's worth noting that the No.1 VRE Shareholder @ 19.9% would have had to have rubber stamped this transaction, as they do have board representation. This international family/group/company has progressively invested a great deal of Cash into VRE for no return thus far, along with the likes of Carey and Co., - these people aren't stupid, and they are not in VRE for fun. I'd suggest that there will be a lot of good news in the pipeline over the next couple of quarters.

wrxsti

Key excerpt:

'The farm-in provides View:
• the opportunity to explore both greenfields and a number of existing highly prospective gold targets which have already been generated by Audax’s extensive data base, View’s in-house knowledge, and SRK Consulting’s recent regional structural review.
• further increase in critical mass contributing an additional 170km2 to View’s current 1,000km2 extensive landholding on the Yandal Greenstone Belt.
• significant opportunity for major discoveries to increase mine life and add to Bronzewing’s 805,000 ounces of gold resources. The mine is currently ramping up production, which is forecasting an average 120,000 ounces per annum over the initial 4½ year mine life.'

Source:- Official announcement as released below.

28 August 2007
Company Announcements Office
Australian Stock Exchange Limited
20 Bond Street
Sydney NSW 2000
By e-lodgement
View Secures Joint Venture Over Highly Prospective Bronzewing South District
View Resources Limited (“View”) has entered into a joint venture agreement with Audax Resources Limited to farm-in to the Karra tenements at Bronzewing South (figure 1). Under the terms of the agreement View can earn a 51% interest in the tenements by spending $1.5M over four years and a further 19% by spending an additional $1M.
Exploration work on the joint venture tenements will commence immediately with a detailed data review. The Joint Venture is another important step in the Company’s regional consolidation program and will feature significantly in View’s on-going commitment to spend $4M per annum on exploration.
The farm-in provides View:
• the opportunity to explore both greenfields and a number of existing highly prospective gold targets which have already been generated by Audax’s extensive data base, View’s in-house knowledge, and SRK Consulting’s recent regional structural review.
• further increase in critical mass contributing an additional 170km2 to View’s current 1,000km2 extensive landholding on the Yandal Greenstone Belt.
• significant opportunity for major discoveries to increase mine life and add to Bronzewing’s 805,000 ounces of gold resources. The mine is currently ramping up production, which is forecasting an average 120,000 ounces per annum over the initial 4½ year mine life.
Managing Director, Tim Gooch said of the farm-in:
“View has long maintained that the Yandal region is highly prospective, and with a first class processing facility and infrastructure in place and operating, the Company is ideally positioned to add value to the project through further consolidation of key assets within the area, together with a well balanced exploration program. The Bronzewing South tenements have long been regarded as some of the prize prospects within the region and we are very pleased to now add these to our exploration portfolio.”
Location of the joint venture tenements relative to View’s existing tenement holding is shown on the attached figure. The tenements and key points of the Joint Venture are also attached below.
Telephone: (08) 9226 4611 Level 12, London House Postal Address Facsimile: (08) 9226 4655 216 St Georges Tce, Perth WA 6000 Po Box 7656 ABN 95 009 162 949 Cloisters Square WA 6850 1A2 - View Secures Joint Venture Over Highly Prospective Bronzewing South District_28Aug07
Figure 1: Bronzewing Tenure showing Audax Joint Venture Tenements
Tenements covered under the Joint Venture:
A list of the Bronzewing South-Karra joint venture tenements follows:
• Exploration Licences: E36/215, ELA36/623, E36/509,
• Prospecting Licences: P36/1505-1508 inclusive.
Key Terms of the Bronzewing South-Karra Joint Venture are as follows:
• View will spend $1.5Million within four years to earn a 51% interest from the commencement date on the tenements.
• Commencement date to be 1 September 2007.
• View must spend the full $1.5M to earn any interest. Subject to meeting the minimum expenditure on each tenement, View may spend the $1.5M as it sees fit across the tenements.
• View to earn a further 19% for a total interest of 70% by spending an additional $1M on exploration and feasibility studies, in its own time.
• View may not withdraw from the Joint Venture until spending a minimum of $200,000. Prior to earning a 51% interest, View may excise tenements or parts of tenements from the Joint Venture, but continue to acquire a Joint Venture interest in the other tenements or parts of tenements.
For further information contact:
Tim Gooch Willie Rowe
Managing Director Gryphon Management Australia
(08) 9226 4611 0417 931 254
www.viewresources.com.au www.gryphon.net.au