Ann: Response to ASX Aware Query, page-100

At $1,500 per ounce, this is just paying for the cost of production of gold for just one year and currently managed by an MD who had a proven track record and the company is virtually one to own for the rest of the natural life of the mine!!! One can't have a more potent mix in term of the hidden explosive value of such a company.

Can someone in this forum lend me his loose change of $175mil and I will buy up the company and take it private!!! Within one year, I will have $19mil (@ A$2,600 for those unhedged gold) with all the development cost fully paid for. The $39mil of debt would have been netted out to $0 by then. By middle of FY23, I will be debt free with $175mil full paid for. By end of FY23 I will have some serious spare $$ in the bank and I still own the company outright with lots of gold above the ground (79Koz yet to be milled and processed) and plenty of reserves still in the ground.

It is really amazing how the market can get it so wrong at time. Anyway I agree with you that it is still a calculated risk but the risk/reward is tilted very much towards the reward side: In fact more like a gorilla (reward) sitting on one side of a seesaw and a child(risk) on the other end.

All in my opinion (and I could be wrong!).