Ann: Investor Presentation, page-28

I’ll take a closer look. AUC seem to have the lowest EV/Resource oz out of a whole batch of developers/miners/ hopefuls. 10% is a good blocking stake should that company ever hot up and be seen as a take over target.

And let’s face it just because CHN has added value to and sold prospects in the past doesn’t mean they aren’t capable of developing a mine should the right prospect come along.

I haven’t looked at NAG that closely but it seems to have a pretty high EV for what it has got and these Victorian/Bendigo gold revival, gold under cover plays are attracting a lot of market attention since Kirkland came on the scene.

I’ve even noticed that SVY have dressed up a recent failed Gold-Cu porphyry target/drill hole in a Bendigo gold lacy dress.

We could easily see some explosive share price action if CHN hit gold where they aren’t supposed to. ie where no one has really dared look before.

Need to wait a while for that but I ‘m pretty sure there will be some more acquisitions before then. It’s a pretty impressive kitty for an explorer. Esh