Ann: Positive Redmoor Study Results & Re-commencement of drilling, page-41

Best not decide the findings will not be liked before you have actually run the numbers...

This study was carried out independently, so it is what it is. Claiming the costs are too low and commodity prices too high is a bit rich.

They make it clear that they need the existing High Grade Mineral Resource of 4.5Mt to be increased. We have to remember "From CRL's 2017 drilling... drill hole CRD019 provided significant support for the concept of the Exploration Target. While the results from this drillhole have not yet been incorporated into the High-Grade Mineral Resource".

This initial drill hole is where the expected increase will be seen. Looks very promising from the results released so far and most certainly warrants more drilling. Any number crunching now would need to factor in the most likely scenario, which doesn't look to bad at all imo.