General Discussion on AAU, page-766

yeah sensing a bit of unusual / opportunistically timed negative sentiment of late, anyway there's always data I guess

here's something I have been putting toogther to "traffic light" the base case Scoping Study for La Demajagua - Feb 2022 Open Pit, LoM - 6 years (hence it's the base case)

firstly the base case modelled prices versus current metals prices



and secondly the base case AUDUSD exchange rate



please ntoe: this is only the high level price and exchange rate comparisons, I have done the lower level calcs through to metal $ value in projected concentrate tpa / LoM tonnes but am sense checking that quite closely

also there's the other suggested (semi-announced) v2 modelling with the dual concentrate streams too.

of course Green is favourable to the modelled numbers, and where Gold:Silver price ratio is still red (at 80:1) it means fewer AuEquivalent ounces as a headline figure and as a function of price relationship only. It doesn't change the physical metal qty modelled to be contained in the concentrate at the same grades as quoted.

the Scoping Study itself was announced 24th of February 2022 for anyone wanting to go back and refer to the company announced details