Ann: Paulsens Gold Operation - Refurbishment Update, page-52

From memory, there could be hundreds of mined ounces left behind on the pad ready for the restart. Then there are the tailings where NST hurled out a lot of ounces when it went for sheer tonnes and lowered its recovery rate. It produced 100k ounces in one year, but the recovery rate dropped into the mid 80% range down from 95%. Paulsens has the capacity to sing when BC8 open up more ounces and/or toll treats. They have already lined up one of those deals via DRE. DRE just raised $3.7m to drill some of that gold out for next year. All the ore bodies are open along strike and at depth. NST left behind hundreds of thousands of ounces in a different gold price environment. BC8 drilled those new ounces very quickly. The **veins are loaded with high-grade, the Paulsens repeat, Belvedere and multiple surface targets including My Clement. Its a new world and BC8 will sweat these high-grade assets. The studies tell a good story. dyor.