Ann: Bellevue Gold Stage 1 Feasibility Study, page-10

This read to me as a great initial feasibility study

The AISC are higher than I initially thought so I looked into this further.... I think this will decrease substantially as the ore reserves increase and the production rate PA increases accordingly as well as the life of mine. The more gold that is produced the more ounces produced and therefore the capital outlay and other one off costs will be amortized and offset against this.

I am estimating that with the next feasibility study, if the resources included into this are increased by another 50 percent then the annual average production would increase substantially and the life of mine will also increase substantially. Therefore reducing the AISC hopefully to around the 800 AUD as I have seen estimated on prior Analyst reports.

I will say though, I am a little disappointed that the first gold pour will not be until December 2022.

Some very good hits close to the workings seen in the drill result announcement today. Most of their discoveries are open in ALL directions.

I like this company and am happy to invest