Ann: Option Agreement on Suplejack Project, page-12

My quick back of the envelope calculation on the DFS vs current prices doesn't really show much of a variance between predicted and current values (due to AUD:USD)

DFS Calculated Gold Price:
Gold Price AUD$1,400/oz
Exchange Rate AU/USA 0.93

Current Price:
Current Gold Price US$1,217.50
Current Exchange Rate 0.872
Current Gold Price AUD$1,396.10

With respect to successful juniors proving up non core assets, they have to be able to fund their primary activity first- in this case development of K2. Any funding or attention going elsewhere is to the detriment of producing cash flow....