a$400/oz cost, 700,000 tones for 100,000oz, page-6

Gentlemen, these are my numbers, not advice.

Assumptions
614,000oz reserves
1,385,000 resource
$50 per ounce value assigned to resource
$160 per ounce assigned to reserve
233,000,000 shares on issue

$0.72 per share.

Throw in a number for RUM, let's say $4m plus and even $10m cash and there's another 6cents a share.

Obviously dilution to come in some form, although I presume debt will be used to fund perhaps half the development costs.

Happy days. Merry Xmas.