You are correct , and the DFS is farcical at best , also using double the current REE prices and 100% ownership and in one of the most corrupt country's in the world , placing 144 out of 180 countries and getting worse each year since 2019.
https://www.transparency.org/en/cpi/2021/index/uga
Ann: Makuutu Definitive Feasibility Study, page-104
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