Ann: Investor Presentation - Update May 2021, page-20

$3.60 lb to $3.75 lb copper production COST for the next 12 months- no thanks.

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As I had previously suggested - that March quarterly report (saw the SP drop 20%) still confirmed, they meet ore production target. That is actually very good for a processing plant start up.....sure still recruiting specialized staff.

NOTE : the investor presentation seemed to reaffirm past very good earnings (at least in relation to the companies current cap)

Look at it this way.....lets say they can come in with a modest $8m cash profit this quarter - leaves the company with $25m cash and a cap of $160m. Niggling small issues being addressed - means its far, far too cheap. Guidance at current spot -  of $55m PA free cash v $160m cap.

Excellent recent drilling results in stock exchange announcements... exclude their current JORC

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MARCH QUARTERLY

Contained gold within ore mined to 30 June remains in line with the DFS estimate of 35 koz. Gold sales to 30 June of 18 koz to 23 koz ounces are forecast to be lower than outlined in the DFS estimate of 30 koz due to slower commissioning than planned, lower tonnage milled and lower initial mine ore grades due to ore stockpiling space restrictions