Valuation, page-105

The following comes from a presentation released to the ASX this morning from a West Africa Explorer who currently have (10.4Mt at2.1g/tAu for 703,600oz) according to JORC2012 and are expecting a rerating once a new resource is annouced later this qtr. 
Drill hits maybe high grade but for short distances when compared to consistent grade over 100s of meters MNC is targeting but these come at depth. MNC certainly is primed for a rerating once funding and drilling is finalised. 
ZRC172: 14m@ 9.12 g/t Au from 108m including 6m@ 20.58 g/t Au
ZRC171: 6m@ 34.17 g/t Au from 238m including 2m@ 85.34 g/t Au
ZRC169B: 6m@ 10.51 g/t Au from 186m including 2m@ 28.57 g/t Au
ZRC174: 10m@ 5.00 g/t Au from 240m including 4m@ 10.89 g/t Au
ZRC179: 4m@ 7.52 g/t Au from 268m including 2m@ 13.93 g/t Au