Fellas,The refractory sulphide ore at Salman has been reported...

Fellas,

The refractory sulphide ore at Salman has been reported for ages now and taken into account in the current reserve. Most of the current Salman reserve is Oxide, non-refractory and this is what is referred to as "free-milling".

The refractory ore is potentially huge but will need a Biox plant such as Bogosso. They are going to school in this ore now such that in 8 years time the it will be fine-tuned for the use of ADU. It is long-term upside and who knows what the POG will be?? Perhaps Biox in refractories will make a big comeback as underground has now due to lack of substantial new surface discoveries.

Anyway, the refractory ore is a bonus or not but the current share price is undervalued by less than half on the current reserve only. The refractory ore is a non-issue other than the fact if the orebody below 80-100m wasn't refractory we wouldn't be having this conversation now.

Lets focus on one step at a time and that is 8-10 years of CIP recoverable gold production with obvious exploration upside for more local oxide ore.

cheers