Ann: West African delivers 105 g/t Au over 3m at M1, page-10

OK so this is rampy and PURE ASSUMPTION, but it's honestly why I have more than triple my whole spec portion of my portfolio in WAF and 25% of my total portfolio (1st and last time my portfolio will be weighted like this):

Assuming my prediction that the Open Pit DFS was 1/3 what it could be mined at using UG stoping or VM (previous posts outline why I believe 3-4x is attainable); and these finds indicate DOUBLE the depth of our reserve, but the depth/reserve breadth reduces the NPV of the bottom half by 33% (should be less) would give us an NPV well in excess of half $billion, the grades point to possibility for this to be conservative; but it's very speculative.

250,000 oz/annum, LOM 15 years, @$1200USD present value average over LOM, $800 AISC : = S.P. way, way above $2.50.

As previously expressed, I am expecting $0.80 - 1.00 S.P. on the DFS in 4-5 months time. (If it's on time, allow by E.O.Y)