Ann: AGM Presentation, page-21

You have chewed the wrong bamboo panda

Set the sop price at $1 a ton and it doesn’t effect the reserve
The reserve is the known quantity of mineral in the ground that can be extracted
A price of $1 per ton will make it economically
Unviable but it will still be there

You don’t have any idea how much you have in the ground as you don’t have a reserve
So there for your financial
Prefabricated feasibility study is nothing more than a prayer
That’s why when KLL
Released a true PFS with a reserve sp went up 30 %
RWD and AMN did nothing on release of PFS
Because they had no substance

Don’t ignore the facts