whats the catch??, page-8

cryptonomicon,

I make the recent drilling result ALONE to be worth $0.20 a share.

That is using your values for EV of $50 inferred; $100 measured/indicated.

Castle Hill results - 20,000 measured; 65,000 indicated; 168,000 inferred

= $2M + $6.5M + $8.4M = $16.9M / 76M shares

= $0.22

Those results were all outside the JORC'ed area, adding to the Kunanalling project (461,000 ozs, Table 1 in release of 22nd March).

I always hesitate to use the term no-brainer, prefer to leave that to the red heart brigade... but I guess time and publicity are the key here, new company, 3 months listed.

I'm calling 3 bags full by end of financial year.



:)