Ann: Opportunity for Direct Sale of Concentrate from La Demajagua, page-12

The Cuban project is difficult to finance and very risky.
When I first invested, LD's DFS was imminent,but it was delayed as metallurgy was restarted for antimony production.
I think antimony was just an excuse, and either the OFF-TAKE failed,or an international trader demanded antimony production.
It is a difficulty for a company that has no money and has difficulty in financing.
If at that time, you thought, "I wish I had started with el pilar and NS"...
At that time, given the stock price and financial situation, a small project like NS would not have caught their eye.

The management should have been more careful when deciding on LD,but both NS and LD were projects that could be developed at high metal prices.
In the end, it all came down to a balance between the appropriate metal price and the risk of the project.
If NS succeeds, it is no longer a company without money.
It has an advantage in negotiations because it can develop LD directly with its profits,and it can make traders impatient at high metal prices.
If NS succeeds this time, the suspicion that management deliberately delayed it will end.

LD and EP are impossible without NS's success.

When I invested in mining stocks, I made a riskier investment too easily after the initial success.
I have been paying the price since 2022.
I should have thought more deeply and decided on the appropriate metal price and the risk of the project in the stock called AAU.
Fortunately, the metal price has continued to rise, so if NS succeeds, it will be greatly rewarded.
There are almost 1 billion options, and the 10 cent option is unlikely,but the management seems to have set the 10 cent option as a target.
If the OFF-TAKE of LD is confirmed, it will exceed 10 cents.
Although it is unlikely, if that happens, AAU will be able to secure most of the EP exploration funds.