Granada Gold Mine Inc V.GGM

I get $10.71 oz

[steadfast]

I have used the following #'s to reach $10.7l oz

# of shares o/s incl last PP & wts attached     260 M shares

According to 43-101     1,487,900 oz in situ

                                            666,500  open pit

                                            273,200 remaining u/g

Total                                2,426,400 ozs of gold x $10.71 equal 26M which is our Market cap at 10 cents

Danny Deadlock shows average price of $49 oz,  so we should be trading close to 50 cents a share.

Tells me I should be buying more shares next week.  Location, location, location we got it.