Ann: Excellent PFS for Galena's Abra Project and Maiden Reserve, page-18

Maybe they should have spent a bit more time proof reading and getting information more precise for the PFS this ie
1)the brackets on page 11 around 65.7 make it a double negative cost "Lead C1 direct cash cost of production (65.7) "

2)The IRR does not show from what point they make a return , if it is from start up as per normal then the 50% it seems overly high considering there is a considerable ramp up period with very little production in the first year according to Figure 3 bar chart .

3)A drop in the discount rate from the Scoping Study of 10% to 8% in the PFS seems a bit optimistic considering LIBOR rates are more likely to rise than fall.

4)The breakdown of bulk densities was not shown just a snippet of info , given the wide variation of "Bulk densities applied range from 2.8 to 3.6 depending on the domain."

This seems to have been aimed fir public relations rather than bankers as there are too many ambiguous statements which reduce the credibility of the PFS , which is disappointing given the potentially strong underlying fundamentals