Ann: West African delivers 105 g/t Au over 3m at M1, page-5

I believe that's why we are waiting so long on the revised DFS, because the bottom is in yet (not the S.P. the physical bottom of the reserve). And probably why they decided to go ahead with the Mar Open Cut DFS that they knew was going to be an aberration.

We can't figure out NPV until we know how deep the initial access tunnels and shafts will be; which given my deduction of mining methods (gravitational based) means we can't just mining plan at where we are at now for the sake of getting an indication in and then acd on infrastructuure costs as we need to go deeper (As would be the case if long wall or Bord mining methods were applicable), we need to find bottom because it's the necessary starting point.

So while it means the delays result in some SP rot in between Anns, the underlying reasons....WE KEEP FINDING MORE GOLD, are great... our reserve can't be quantified because it keep increasing.

Please note, these thoughts are my deductions from what information we have. It is isn't certain until management tell us those are the reasons. DYOR.