Ann: New High Grade Target Delineated Near Nicols, page-7

re: Ann: New High Grade Target Delineated Nea... Hi AJ

oops are you saying the feasability report due end of march wont be bankable?

I have assumed from reading the quarterly that with all the optimization, permitting and process work done to date that come the end of March we will go hunting for capital either debt of equity to fast track production.

Given the low capital cost to get the plant re-energised I have assume a quicker than normal timeline to production.

They have actually purchased construction crew quarters!!!

So to summarise I have assummed a quick ramp up to production eg 120k pa for 10 years mine life.

Then concurrently once production has commenced go exploring to expand resource. Which is why I was so impressed with this most recent ann, ie it would seem possible maybe even probable that we could significantly expand this high grade resource.

Keen to hear others thoughts please as I may have the wrong end of the stick here!!!!!