Ann: Investor Presentation, page-16

It's not optimism. It's simple maths and a geological understanding drawn from the evidence in the ANNs.

I estimated there's 70Moz at Juma East from the intrusions we drilled there using 30g/t, SG of 3.0 and 20% mineralised volume to a depth to 200m.

At Tres Estados and Ema we have multiple massive gabbro intrusions containing broadly dispersed, disseminated Au-Ag-PGM going up to 300-500g/t AuEq. We could prove up 50-200Moz in each of the planned 5 drilling programs, not including what's getting assayed as we speak. I know they're fkn insane numbers but where's the hole in my argument.

From the other thread:

"70Moz at 100g/t is 22Mt of dirt which is a pit 340m x 200m x 100m deep. Of course we’d need to drill some holes to prove it up, but the planned diamond drilling over the Adelar workings alone covers an area of 400m x 300m and there’s another 4 areas similar in size to be drilled at Tres Estados and Ema. That means we could easily be proving up 5 times the area required."