Ann: Beer & Co. Research Report, page-3

Beers valuation by its' own admission is "heavily risked". However the total projected NETT income from the Cyclone project is $701 million. Then there's the income from Tick Hill , and with gold moving up steadily and strongly that could be significantly more than stated for that project PLUS when, not if, the extension to the ore body is located it'll be a whole new ball game. While all this is happening the other projects are maturing. I.E. I have no doubt that the Clermont copper gold project will attract a major funder, and soon. While I hesitate to offer a sp I believe that Beers is being ultra conservative with their 7.2c , however I read that to mean that a punter should be relatively safe at that price. Then, there's the Chinese..................................................................................???