Ann: Pre-Paid Royalty Mandate, page-6

“HVY already has 6.5-7% royalties between state and vendor as per the SS, though I haven't looked to see the original reference.”

that is already accounted for in the NPV. Also, 23% increase in resources have already increased projected returns. I think this approach is much better than conventional raise. We just need to get through PFS during that time we’ll get our bulk sampling certified. This will enable us to get potential off-takes for BFS. If there is only 55-60mil shares in existence, then dividend yield would be amazing for the shareholders.