Ann: 121 Mining Investment Cape Town Presentation, page-2

Good snapshot of BKT:
- Market Cap $234M at 24c (undiluted)
- Cash $30M after the cap raise
- NPV of $1.5B!!! (6 times the current market cap)
- Initial LOM of 26 years, but I'm sure this will extend once they've explored the full extent of their tenement.
- Profit per ton of $1100/t
- 340ktpa full production (takes a few years to get to this though)
- That means profits of $374M every year
- So that’s equivalent of getting 38c of dividends every year for 25 plus years!

Back of the envelope calcs, but still shows you the huge potential of it once finance is finalised (they stated in this presentation it should be done in the next few months) and if construction/commissioning goes to plan (don't see why it shouldn't with CPC the engineering firm who previously successfully designed/constructed/commissioned Syrah's Balama project in a similar country being the current designers).