Correction on placement of...

Correction on placement of *
============================

Okay...no takers...so here is a go... $4.38 per share

2 million ounces at $1500/oz = $3 billion
Costs of production (see ref)* at $800/oz = $1.6 billion
Therefore potential net gold value = $1.4 billion

Let's substract estimated other costs including royalties of $400 million. This leaves a value of $1 billion.

$1 billion dispersed amongst 228,312,235 ordinary shares =
$4.38 per share**.

* add 30% additional costs on world average...due to location
** does not consider DCF analysis as gold is extracted over say 4 years.

Reference:

Cost of production - http://www.miningweekly.com/article/gold-mine-costs-up-41-in-q3-report-2010-11-26