That is based on us having 2 million ounces in the ground with the land we have drilled so far. When you factor in that most deposits of 1 million ounces or more get $75 to $125 per ounce (I have not looked this up personally, just what I have been told) we are seriously undervalued for what we currently have drilled. Now add to this the blue sky of a 20km belt where we have only drilled a 600m section and you can begin to understand why the potential here keeps getting called a 10 bagger from 20 cents.

There is alot of work to be done to prove up our resource, so we will not get there ($2.00) overnight, and there will be lots of profit taking along the way but if the assays keep supporting the story, we will have lots of fun with this one!

$18 per ounce x 2 000 000 = 36M MC

36M MC / 129M shares fully diluted gives us our current share price of $0.28

Glorieux