Ann: Korbel Gold Project Starter Pit Scoping Study, page-176

Wow, what a crazy day. This is one of the biggest volumes we've ever had. Will be interesting to see if there is any change in top 20 or if we get any director dealing notifications in the next few days.

Personally, the scoping study is a bit better than i was expecting. 0.3g/t is never going to be that exiting. i think it's really a positive that they can make it work at $1750/oz

Why am i here? Originally bought for the Lithium and still think there will be plenty of good news coming from Snow Lake over the next year.

I've stayed because I want to see Snow Lake go into production. I'm also bullish on gold.

once we see indicated ounces at RPM at 2+g/t, we should be able to show a payback of 1.5 years and a much better return (easier to get funding). Once a return can be shown from RPM (covering cappex), then 0.3g/t at Korbel makes plenty of sense. I'm also a big believer that gold will move towards $2,5000 to $3,000/oz within the next 12 months. At those prices, with indicated ounces at RPM, a PFS would look good indeed.

Of course, it's not for the faint-hearted and this has tanked further than I've thought possibly, especially given gold and lithium prices, but that's the market.