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TESORO GOLD LTD — Net Asset Value 2010
May 5, 2010
65957_rns_2010-05-05_2a0515b7-73df-422a-8918-4d511dba3359.pdf
Net Asset Value
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TO: COMPANY ANNOUNCEMENTS OFFICE
COMPANY: AUSTRALIAN SECURITIES EXCHANGE LIMITED FROM: VAN EYK THREE PILLARS LIMITED DATE: 6 MAY 2010
NO. OF PAGES: 1
4 May 2010 Estimated Net Tangible Assets (NTA)
We hereby provide notification of van Eyk Three Pillars Limited’s estimated net tangible asset backing per ordinary share as at 4 May 2010 .
| 4 May 2010 | 4 May 2010 | |
|---|---|---|
| Cents | Discount2 | |
| Gross Tangible Asset backing1 | 98 | 8.16% |
| Deferred tax asset on realised tax losses | 7 | |
| NTA after tax on realised income/gains and/or losses |
105 | 14.29% |
| Deferred tax asset / (liability) on unrealised positions |
(2.5) | |
| NTA after tax on unrealised gains and/or losses |
102.5 | 12.20% |
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Gross Tangible Asset Backing:
-
includes investments at current market value less associated selling costs
-
is before Deferred Tax Asset on realised tax losses
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is before any Deferred Tax on unrealised investment gains/losses
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Based on 4 May closing share price of 90 cents
The Net Tangible Assets quoted above are estimates and are based on unaudited financial accounts.
Brian McGarry Company Secretary
van Eyk Three Pillars Limited ABN 91 106 854 175 Level 37, 2 Park Street, Sydney, NSW, 2000 P 1300 732 413
www.vaneyk.com.au www.threepillars.vaneyk.com.au