Ann: Investor Presentation - March 2021, page-33

Yes definitely this is a key point to E25's delivery of value to shareholders which cannot be understated.

I'm not sure of the geology behind Firebird, but what makes E25 so unique was the ability to get this up and running with minimal up front investment thanks to crazy low strip ratio and free-dig ore which is beneficiated easily. You see so many small caps put up PFS with these ridiculous NPV's and then go out to market asking for hundreds of millions. It's just not going to happen, or if it does you've sold the farm to get there.

Justin has set us up nicely for the real prize too - I've been looking at some numbers for HPM , let me tell you they are eye watering. We will be in a great position when it comes time to ask for some money - who would you rather invest with? Some small cap nobody or JUSTIN BROWN MD of E25 who is already cashing cheques?

I'm still trying to validate some assumptions but unless I've missed something huge you'll want to be holding when the HPM PFS drops.