MYL chart breakout, page-21

 Many thanks for your various photos and reports after your visit to site. All very exciting and true value will out in 2020 at DFS stage with overall resource at Bawdwin massively increased. I think we would all appreciate a broker report other than from Argonaut to compare valuations and methodology. I believe that a very high royalty rate might have been applied for the time being which if negotiated down at the time of full mining licence grant would be a further uplift to the NPV and IRR of the starter pit.