Ann: Prospectus, page-16

Thanks Andy... in reading it, it does base the scores off of today's assets and today's income, where there are none. We'd have to forward predict future asset values / income for these calculations to be beneficial, might see if I can plug in what I've done so far.

Interestingly, in my search, I've found the below numbers some have used before to value a mineral resource:

	Column 1	Column 2
0	value if Infered	$20 (USD)
1	value if measured	$30 (USD)
2	value if proven	$160 (USD)

*These numbers are per ounce in the ground for traditional deposits where the head grade is lower and thus ASIC would be higher. When I gathered this back of the napkin information, I was under the impression that these values were used by miners to value deposits (at a high level), where they are looking to purchase the entire deposit so they could build an operation on top.

In a situation where the head grade is higher, I would assume a higher value for these elements, although it's hard to put a number on how it would be affected. My reasoning behind this is because miners would still have to pay for the resource, set up the operation, dig it out, sell it, then make a tidy profit on top. The cost of digging it out (ASIC) would be significantly cheaper where the head grade is higher.

I know that midnight has previously mentioned that we're going to be producing soon enough, which could throw these numbers out the window.

In my opinion, I would then probably use them both. To value the asset (which is the gold in the ground) and also their business operation which the abovementioned link could assist with.

Thanks again, more to think about.

Cheers,
Smite.