Ann: Investor Presentation - March 2019, page-87

It would be interesting to see how the CoS was calcuated by RISC/FAR for what turned out to be a new area some distance away from known/controlled geological data and did they adjust their understanding/likely targets based on what as we got closer to the drill date !.

There is a big difference between geological success and commerical reserves but go back and check CN pitch.  Agree with Silent Partnr SAMO may well have hit a high percentage of its targets for a CoS perspective but FAR have failed to report on this yet and remember before SANO was drilled it was noted by others the distance between that of known SNE and the final position of Samo,the new targets of Soloo and Bambo closer to SNE, the fact SAMO was not directly connected to SNE and seperate and we never had a decent cross section etc.

55% CoS in a new area based on what was rather misleading and a over hyped here we are again back to sentiment and confidence in FAR. It will take a turn round of investors to clear but will happen it always does as people actual want something to take a punt on and FAR is a good story if presented correctly.