independent valuation of luapula plant, page-185

Page 77 -

"Overall the plant is in very good condition and requires a minimum of modifications

and refurbishment prior to recommissioning. “

@ozblue Honestly, I really can’t be bothered replying but you’ve said the exact words the plant is currently broken - wrong..

Also, are you sure the $10m is not the total including the buyin $5.5m - not extra.? The plant refurb allowance is $2.3m out of this $10m Which includes critical spares, owners cost, first fill, commissioning etc.. Section 11.4 page 93 which also does admit a budget schedule would be better to avoid blowout.

Owners cost $5.5m of the $10m - not extra..

Doesnt change the risk, doesn’t change the fact no one can accurately attribute value on this yet either. Everyone is just guessing.

Disco.