Ann: Results of Meeting, page-17

HI, Rhazzle, I would like to refer to Brad's contention that they will produce 40,000 oz gold for fy 6/2024. If you look at what may well be the worlds largest gold producer, Newcrest, these are their figures:

Market Cap 18.5 billion.
Production fy 2022 .. 833,000 oz.

SVG Market cap $30 million,
Production (2024) 40,000 oz.

Do you see where this is going?

Newcrest produced for the fy 2022 about 20 times the amount of gold that Brad says we will produce in 2024. Newcrest market cap is roughly 20 times their annual oz production.

This should put our market cap at just under one billion dollars fy 2024, if Brad is right. Thats about 30 times where it is now .. so shares should be around $6 .... Jeez, I could lose me pension!

I understand operating costs affect this, but I think our costs are well on par with Newcrest, maybe even better.

Does this seem ok, or a bit optimistic?

Dave.