Ann: DFS Delivers Strong Results on 1st Stage of WBP Development, page-140

Adventurer, you have so much egg on your face it’s embarrassing. If the DFS came out with just sand in the ground, you would somehow spin it in that head of yours it was the next GOR.

Current Situation
- 278k reserves (out of 1.5 million inferred)
- 3-4 year to decent ramp up of ounces
- Market in the dark about how the company will survive to decent output in years 3-4. Yes the early mining initiative we keep hearing about and get zero details on regarding output and costs.
- $50 million capex over LOM which yes isn’t bad (retract what I said earlier) and a pay back period of 5.5 years which is a long time by industry standards
- Npv for Qala is circa $200 million so if that is 40% of total project that gives the whole NPV around $500 million. Once everything comes on board which is 4-5 years away.
- Zero clarification on how the toll treatment arrangement will work
- SP has collapse
- Some long termers and large holders see better value elsewhere

Laughing at people who cashed out at 10-15 cents is laughable. They won not you or me. We are left hoping and they cashed out at max highs. Gloat when you have something to gloat about

Give your phone and this forum a rest