Ann: Test Work for Gold Dore Production at La Demajagua, page-40

further to NAG's announcement, I have revisited the prior La Demajagua Scoping Study to extrapolate the Revenue Effect of increase metals prices, taking into account 80% of the increases over the LoM (blue text)

Is there a mistake here ? as I get +$290M USD incresse upon the study's $880M, to be up over USD $1B in revenue

So a). Develop or b) Sell plus LoM Royalty on topline Sales Revenue (inclusive of any Underground LoM phase) ?

a). reasonable upside envisaged with the basket case whichi s US domestic debt suggesting a reprice of gold / silver
b). cash injection plus locked in recurring royalties let's say 1.5% (AAU's share of 3%) would be a US ~$15M in royalties alone just for the open pit phase

Comments ? flaws in the thinking ?



kind of interesting, surely someone's out there looking at La Demajagua as a stand alone cash cow ?