Ann: Access points located at Gubong Gold Mine, South Korea, page-19

Dingoheeler, do you see the dewatering as negative somewhat:

"The Company has selected the upper workings of the mine as the initial target for production as it is above the valley floor and not flooded. Whilst dewatering parts of the mine is not expected to be problematic, access is more easily gained into the dry areas of the mine and dewatering can be achieved from cashflow"

From the below capex per meter of U/Development it calculates at 120 kms = 120,000 meters x $3k = $360m capex or £277m in cost savings that they have gained in reduced capex for this mine.

"The Gubong Mine has over 120 kilometres of underground development.  In today's terms this would cost approximately USD3,000 per metre for new development"

https://www.investegate.co.uk/blueb...al-update-at-gubong-mine/201710030700045158S/

Based on today's BMV news, I have calculated the below resource NPV potential:
NPV value on the KORES Resource

	Column 1
0	KORES Resource
1	2.34 M/t @ 7.3 G/t
2	17,082 m Grams =​
3	550,000 Oz = ​
4	£521,153,846​
5	50 / 50 share  = £260,576,923​
6	​