Hi Spec,You seem to be being selective to push your own...

Hi Spec,

You seem to be being selective to push your own narrative.

Not sure what the pattern is with GOR M&A … l am assuming it was negative …. Like Fredbear stated AOP made a multi million dollar profit from RMS counter bid …. You also neglected any mention of the very successful DGO takeover where they picked up the initial DEG stake along with other investments. I am sure you are aware of that deal.

You then post a production profile from around 6 years ago that is completely outdated in plan, AISC and progress, trying to indicate margins are falling with your green and red notations … apart from their being upgraded plans you could of referenced, you avoid any relevance to gold prices now and previously which grossly alter what your trying to indicate.

To further emphasise my point about being selective you also mention a 350,000 oz target that doesn’t correlate anywhere on your production profile … this is part of that later upgraded production profile that you could of used with naturally altered costings … fwiw to the readers, the cherry picked 350,000 oz target was actually the upper end of a production range of 320,000 to 350,000 ozs.

Again so no one is misguided by your inference in the staged mine plan a stripping ratio of 4 is actually very good ( I am sure you know that ) … 0.4 is virtually unimaginable in large scale gold mining … further analysis of stages 2,3 and 4 will show they run concurrently so the actual mined stripping is higher than 0.4 and much lower than 4 … which is world class by any standard.