Ann: Restated JORC Resource of 3.55Moz Au for Mining Right, page-18

Like I said reserves will be around 900,000 ounces (if that if Qala makes up only a small portion of planned 60,000 ounce production profile).

If this news of scaled back resource is a surprise to some then you really need to do more research. If you've held longer than 12 months you know company had to scale back parts of the original mine plan to get things over the line. Not material or a show stopper AT ALL. Quite the opposite in fact.

I am concerned though with the DFS and our expectations. Is the goal of 15 year mine life just for Qala or for the whole Watersrand project? If the latter then the DFS and economics for Qala could be small with the anticipation of bringing on more production over time. Might explain why they project it will take 3 years to reach max output of 60,000 ounces.

This will tank further Monday unfortunately.

Still good news we have approvals to start mining and filling the coffers. Might still be a few years off before we reach full projected output

Enjoy