I would also like to say thank you to Chappy for 'justifying' your estimate. I agree that it is amazing how you have to justify a low estimate while exorbitant guesses with no justification are applauded. And you have explained yourself very well, as always. I would tend to be a little more optimistic but I am going more on hope than expectation and certainly would not be able to 'justify' my estimate. ( Is a 'gut feeling' justification??)

One small query. Do you put any value on Schaft Creek being in a miner friendly jurisdiction. Or is this hard to value or even desirable to factor in to a valuation? I ask due to all the tax hikes, strikes etc prevalent at the moment.

http://www.mineweb.com/mineweb/view/mineweb/en/page504?oid=146804&sn=Detail&pid=67

GLTA bbay