Ann: Gabanintha Pre-Feasibility Study and Maiden Ore Reserve, page-84

I agree with you Jalaluddin,

"IMO more likely a broker telling us with a small investment in "selling the news" to move along as there is nothing to be seen here, while 48 million shares change hands before lunch.

... and after this small investment in crowd control, the serious accumulation begins.

Strong, realistic, genuine AVL PFS almost killed the shorter, day trader and speculator appetite. The winners are mid & long term investors. Opies will be run out soon.

However market manipulators are deliberately waiting PFS and create fake disappointment to encourage small investors to sell their share with lost then they can accumulate as much as possible. imo.

AVL PFS is excellent 90 pages document. They addressed almost every single point to make sure easy transition from PFS to DFS and DFS to production.

Gabanintha Pre-Feasibility Study and Maiden Ore Reserve:

•Ore mining recovery of 95%
• Mining dilution of 5%
• A nominal plant throughput of 1.45 Mt/a based on a blend of ore types
• An overall Life of Mine (LOM) V2O5 process recovery of 64%. This was based on metallurgical testwork and refinery flowsheet benchmarks.
• Geotechnical parameters based on an independent consultant report by Dempers & Seymour (D&S)
• CMB costs averaging A$17.09/t were used for pit optimisation and are based on preliminary plant design and cost estimates by Wood, including expected power and consumable usage and an overhead cost (general and admin) of A$2.24/t
• Total mining costs averaging A$3.50/t ore and waste mined, for LOM
• Pit designs based on optimal discounted cashflow pit shell using a vanadium pentoxide revenue price of US$8/lb
• Gross Royalty for vanadium sales of 5.0% which includes 2.5% WA Government Royalty and additional royalty.