it will come soon enough., page-6

Panda
Think yopu need to look at my estimates below gathered from the 2 last announcements alone

I come up with over 440k consevatively.
thats a big upgrade from the Existing resource (Well over a year ago = 175k)

Add in the below for GTS -- (My guess well over 120k extra- Shallow pit Mineable - Waiting on license to do so) Dec 1st

Programme of deeper RC drilling at GTS returns gold values to 18g/t and broader intercepts
including 13m @ 2.68g/t.
Significant Gold results from single metre samples received from RC drilling at GTS include;
? 13m @ 2.68g/t
? 13m @ 1.80g/t
? 1m @ 18.0g/t
? 11m @ 1.30g/t
? 5m @ 3.57g/t (Inc. 2m @ 6.26g/t)
? 6m @ 2.40g/t (Inc. 1m @ 9.04g/t)
? 5m @ 2.70g/t
? 5m @ 1.02g/t
? 4m @ 3.68g/t



Add in Kelly creek to the south (My Guyess - 30k)

Significant Gold results from five metre composite samples received from AC drilling at Kelly Creek include;
? 30m @ 0.37g/t
? 25m @ 0.42g/t
? 15m @ 0.24g/t
? 15m @ 0.20g/t


Add in Kelly
(recent scoping study))Dec20)
Pick the middle figure figure here = (102k ounces)

Kelly Prospect - Exploration Target Size
Cut off grade Tonnes Grade (g/t Au) Ounces
0.2 g/t Au 15,300,000 0.48 236,000
0.3 g/t Au 9,130,000 0.63 185,000
0.4 g/t Au 5,830,000 0.78 146,000
0.5 g/t Au 4,110,000 0.92 121,000
0.6 g/t Au 3,030,000 1.05 102,000
0.7 g/t Au 2,280,000 1.17 86,100
0.8 g/t Au 1,760,000 1.30 73,500
0.9 g/t Au 1,400,000 1.42 63,700
1.0 g/t Au 1,120,000 1.54 55,400
1.1 g/t Au 896,000 1.66 47,700
1.2 g/t Au 725,000 1.78 41,400


That is already over 440k total oz still with the results to add in for:

GTS Next
GT Central
GT North

I think the toital resource estimate when we eventually recieve to to be in Excess of 500k.

This is why i hold and why "PRE" should get a substansial re rate on release of upgraded resource.

The above also makes "PRE" a huge target for the neighbours :)

"The Company has also recently applied for a MLA (37/1295) over the current Kelly Prospect area and extending to the
north. BGMS have also been engaged to complete updated resource estimations for Golden Terrace South and Golden
Terrace North incorporating recent drilling. The results from this work are expected in the New Year."

Its the new year we don't have long to Wait

All IMHO DYOR
I hold and pick up on dips below 1c