| 5 November 2019 Updated Global Reserve Model | |
| Discounted Global Gold Reserve Value * | $3,704,036,400 |
| Discounted Global 4PE Reserve Value ** | $16,582,170,000 |
| Discounted Global 4PE Reserve Value, Lonmin *** | $6,798,330,000 |
| Discounted Global Copper Resource Value **** | $7,589,744,040 |
| Discounted Global Uranium Resource Value ***** | $286,861,500 |
| Aggregate Net Global Reserve Value | $34,961,141,940 |
| Estimated Reserve Lifespan | |
| PGM | 32.5 Years |
| AU | 13 Years |
| 2020 Estimated Net Income | $1,165,371,398 |
| 2020 Estimated Market Cap | $11,653,713,980 |
| 2020 Projected Market Cap Growth | 133% |
| FCM Target Price | $17.45/sh. |
Notes: All Values in U.S. Dollars
*Rustenburg, Kroondal, Mimosa, Rustenburg Tailings, Stillwater, East Boulder
**Beatrix, Cooke, Driefontein, Kloof, WRTRP, DRDGOLD, SA
***Marikana, Tailings
****Altar, Marathon, Rio Grande
*****Beatrix, WRTRP
