Up in the States down in Australia ????, page-19

It's all about the conglomerates. It's not about the 1.4 million ounces or the 3 million ounces of structural gold.  If conglomerates don't come in, the SP won't go much higher.  There's 400 million shares out.  When the PFS comes out, the ounces in it will be 700,000 which will include some inferred ounces.  Doing structural gold from 5 different pits with an after tax profit of $300 an ounce discounted for a 7 year mine life might get you $0.18 share price for 700,000 ounces.  Do you want to dilute at $0.18 to payoff Indee and build a $70 million plant (just another 440 million share dilution)?  Do you really believe a bank will  loan you $80 million for a plant and Indee payoff when your market cap is $48 million?  You could get a bank loan if you have 1 million ounces of conglomerate gold with after tax profit of $600 an ounce to add to the structural.   Good results from trial mining the conglomerates along with drilling to confirm a large area available to mine needs to happen in the next 5 months.  Also, De Grey should be looking at tenements for lag gravels and run some bulk samples to tie in with what Novo is doing at Egina.