Big CR coming.....!, page-28

I’m sorry you spent your Sunday morning digging through my posts from ‘22

As you have brought to attention, I highlighted the effects of increased inflation on a project that was in construction phase. As expected costs increased but this is not isolated to G6M this is a global effect, any company that has a PFS pre 22 is basically a write off and will need serious revision with additional costs IMO.

Fortunately G6M had already secured and paid for long lead items and avoided majority of the cost increases and delays.

This is still a significant obstacle that any other PFS, pre construction company will need to overcome.

The road to production is a tough one, throw in a pandemic and record high interest increases and most companies will disappear. Kieth and the team have done everything they can to maintain momentum and achieve its goals. This project is still going ahead and will be in production very soon. I think management are doing an exceptional job and to get 32m support in this environment is incredibly tough. This company is already significantly discounted and factored in the additional costs.

Plenty of upside on the otherside of this raise and at .14 investors are getting exposure to the highest grade tungsten resource in the western world with exploration upside and downstream investment with plenty of cash to see through steady production IMO