some valuations going forward, page-10

re: lies told by stocko There is a target of 1m ounces, currently an inferrred resource of 620,000 ounces .
Conversion of inferred resource to indicated resource to measured resource (to mineable resource?) will see this drop below 500,000 ounces. (Have a look at other mining company reports as they go through the exploration phase and the conversion factors).
Stocko/Goldbars has never done a resource estimate, never participated in a BFS, never costed capex for a mining project, never dealt with dilution of an orebody comprising vein sets, has no idea of work indices, does not understand that a gold plant operating on the coast 270kms away treating dirt with a head grade of 10 grammes a tonne cannot be readily compared to in terms of operating cost, has no idea of operating cost etc etc etc.
Ignore debts payable to Xstrata, ignores the drastic need for early drilling.
You are a fraud plain and simple stocko/Goldbars.
You ramp this stock with totally misleading comments which does not do the company any favours.
TAS