Ann: Quarterly Activities Report, page-39

BF

Don't you think KLL was a touch light on bore and trench pumping data to be putting out their PFS?

I see lots of auger results but much less pumping data and then only from a very limited number of bores and a single trench. Both the bore and trench, made reference to in the lead up to the PFS, had good results but we didn't see much replication or testing beyond a week. Correct me if I am wrong.

Similarly we are told they ran tests for on-lake ponds and there is mention of machinery getting bogged, perhaps a sly comment directed at competitors but we aren't told whether their tests failed because they lacked the necessary clay layer and had no choice but to use poly. The benefits of trying to do stuff before listing.