Ann: Preliminary Short Form Base Shelf Prospectus, page-8

Why not? Multiple drill rigs running concurrently at Idaho has already shown an estimated 2 billion dollar resource is very likely there already and are currently working non stop on doubling the strike and depth of that resource with a portion of that on track to be classed as measured and indicated within 2 or 3 months. The holdings at Cobalt which include more than 50 past producing mines have been and are still being drilled. The engineering studies on restarting the refinery are complete and they are selecting a feedstock for it's restart now. Any money spent on buying ore, before Idaho is producing and if the muckpiles at Cobalt are not chosen as a feedstock, will be doubled upon selling the finished product whether it is metal or battery materials. Clearly this business will be making money very soon and it very likely holds at least one mineral resource valued in the billions, in Idaho, which when refined by the company into a finished product will be worth twice what it is as a concentrate. The value of the resource is stated as a concentrate, once refined using company assets it has doubled in value. How is BMT a better bet than this whilst in hibernation mode? Interest on the miney in the bank? 3 million is it?