Ann: Letter to Shareholders , page-16

Nani

I dont think anyone has said ROS cannot go to $x value.

We are merely discussing figures that are being thrown around and the potential for a number of scenarios to play out depending on the resource estimates, how asset purchases are going to be financed, how mine development is going to be financed and if companies are going to be spun off and how.

there are so many variables at the moment that it is IMO impossible to clearly say how this will all unfold.

I do however hope for upside for existing holders.