independent valuation of luapula plant, page-65

Lol so take the independent valuation and put every good spin you can think of onto it and you get a valuation that looks alright. Who would of thought!?

"The evaluation is an “as is” of the plant as of today, nothing more, certainty not a reflection of WFE business plan."

The NPV is from WFE provided cashflow modelling and the going concern valuation is based on comparable TO valuations of transactions in the DRC based on a percentage of NPV.

The "as is" valuation was US$33.3m.

So no, your statement is not correct.