Ann: WWI Investor Presentation & ********* Webinar Invitation, page-89

The problem with this stock and so many specs is posters have grandiose expectations and if management don't hit that mark then its managements fault. No idea where this 1million ounce reserve you mention would have come from this early, when they stated many times the DFS was for stage 1 only and they will build the project up from here. Converting JORC to reserves costs money, a heap of resource drilling. Its prudent IMO that management have staged this to save on cash and use operating cash flow to build it as they progress. They know the golds there, the JORC upgrades/reserves i believe they can confidently grow but they feel they don't need to spend cash on these as historically its been done for them, just not in todays regulatory requirements.