Ann: Media Interview - Adidi-Kanga Project Acquisition and Update, page-25

You then also need to factor in a value for Maniema and Kibali South which each have a JORC resource estimate, albeit at earlier stages than the A-K resource. Nevertheless, including those 2 resources should add a further 60% of 420,000 ounces & 60% of 1,470,000 ounces to the EV calculation with perhaps a greater risk factor given the earlier stages. Even if the risk factor was upped to 50% for those 2 resources, we'd be adding an additional $34m to the EV (1,890,000 x $60 x 60%(ownership) x 50% (risk factor)).

Should be tipping us firmly over the $100m MC.