Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-34

Have held WAF for around 10 years so am across the comparisons...

WAF had AISC in their DFS of $650 and are tracking at $1150. (-500). WAF POG forecast in the DFS was $1300 tracking at 1850 (+550).

so nets out WAF are ahead of their DFS by $50 per ounce. WAF AISC started high and has stayed high.

Tietto are already + $400 on their DFS price of gold. DFS had long term target AISC ~$800 so If they hit their latest guidance for AISC $875 to $975 from June they'll be ahead of DFS by $225 to $325 per ounce.

so TIE seem to be in significantly better shape than WAF in relation to their DFS forecasts.