Central China Goldfields

Expectations for the SM JORC report have not been managed by GGG at all well IMO.

In three different news releases there have been 3 different targets

1/ 1m oz at Snow Mountain

ie SPG + SNJ + GFM + QQS = 1 million oz

2/ 1m oz in the Baima area

ie SPG + SNJ = 1 million oz

3/ 1m oz at SPG

ie SPG = 1 million oz

It is therefore impossible to say what 'the market' will consider to be a good result.

GGG valueation will be driven by other factors I think.