Here it is, page-18

I don't think you'll get to much argument from SFR shareholders there Pilates. I think they used up all their luck with that initial drill hole at De Grussa. Not a lot of luck since then (apart from over at TLM but then that only extended their life by about ten months). Even management have been selling down or getting out lately. My crazy theory is that SFR are worth about $1 per year for each remaining year of the real or perceived life of Doolgunna (and hence the company as not much is happening anywhere else). That means (according to my theory) they'll be around $5.50 by the end of the financial year and $5 by this time next year (unless something dramatic or unexpected happens). It'll be interesting to see if I'm correct or not. I hope for SFR shareholders sake that I'm not!