Ann: Spectacular high-grade gold results delivered from Link, page-26

My buy in price is well below the current share price so the investment is “performing” for me right now. That does not mean I expect anything but future growth.

The company has flagged a PFS in mid 2024. When the PFS is released a project NPV of > $700m is likely based on an increased resource based on recent drilling success and high POG. Unlike your view on stocks, I actually believe that if the PFS is not released in 2024, as flagged, that this will have a negative impact on the share price. I am, however, confident the PFS will be released on schedule. No company is exempt from the non delivery of flagged outcomes.

The CEO is a well respected Mining Engineer. I know that you have a preference for ex-used car salespeople who have transitioned to mining to run listed mining companies but I strongly disagree with your point of view but you are certainly entitled to it.

The likely payback period of the project will probably be less than 12 months so a financing proposition will not be insurmountable.

I also expect the share price to go up with the general POG sentiment as it is not in the space of sitting on a number of not delivered milestones.