Ann: Updated Corporate Presentation, page-4

just to recap on the above. Mike and Charles have been catching up with people this week. After speaking to some who were lucky to meet with Mike and Charles it is very evident that both OPEX and CAPEX can see drastic improvement. Mike never wanted to produce an obsolete PFS in the first place, but investors demanded this after one was promised from previous management. Mike was caught between a rock and hard place. Tony did a great job defining what we have and then the baton was passed to Mike who basically had to do his own version of a PFS within 2 months. Even though Tony did a great job, Mike had to do his own work to reconfirm things. Mike didn't have enough time to optimize the figures the way he wanted. As people are starting to understand new management style, Mike is very much by the book and doesn't give any room for bull crap. I think the next report we see in regards to capex and opex will be quite different. I guess that doesn't matter for the average punter who only reads the first line and doesn't know the facts behind.