EV remains less than Zero - Quick update

TBR Mkt Cap.......$186M.........Less RND  44% held $(42M).......$144M
RND Mkt Cap.......$95M..........Less TBR 26% held$($48M)..........$47M
Total Mkt Cap.....$281M.................................................................$191M

Total value of RND and TBR held in outside hands is $191M after removing the cross ownership as detailed above.

Gold currently on hand approx. 170kozs......Value at $1,550....$263M

Reserves on hand.....$427kozs........increase of 61% in last 12 months.

Resources increased by 39% in past year.

New mine built completed and producing in last 12 months.

Enterprise value of about NEGATIVE $25M.

Making a profit of about 60kozs of gold per year.......$60M plus.