Ann: VTXO Options Top 20 and Distribution, page-8

Good to hear from you again Wack; another Great Analysis post from you mate.

Excellent numbers supported by improving macro
The numbers on this project were irresistible in the PFS Highlights that you helpfully reminded us of. But as you also said, the position is even better now:

• You're spot on - the gold price is much higher now than it was then, and in fact has broken out on the chart to record highs;
• My bugbear - shallow, social media-driven and attention-seeking politicians are devaluing fiat currencies at alarming rates. They are hooked on trying to buy future votes by running up debt on the taxpayer credit card. Inflation reflects in prices almost everywhere. Many of us wonder what medium might give us a better store of value... Did someone say 'gold'?;
• There surely is significant upside in the resource inventory here. As I suggested in my last Post #: 72325125

"From memory, there's >200k ounces that could be added to resources, I think, once drill spacings are tightened up (but this is best done from within the stopes in the Reward mine)";

Your Post #: 73759889 above also says (correctly, IMO):
"... I have great hope for further discoveries given the history and how shallow we are here.
...
This is a deposit that is an analogue to the Victorian HG epithermal vein hosted. I think that we are much more shallow than what they have so I am expecting similar upside surprise with extensions to to our inventory.
There are no deleterious materials and the recovery is robust..."

You can see this stock is poised to go - coiled up as Cheffers says. Even after the recent CR, there still are only just over 100M shares, supported by some cash (I'm not sure how much, after the raise and bearing in mind we've just bought a bargain-priced gold plant).

Successful examples around - fantastic (gold) sector
I can't help looking at stories like Bellevue, and wonder whether we can achieve similar success in the next few years. The directors are acutely aware of Bellevue and possibilities like that. On what I've seen to date, I believe we have that potential, could achieve a similar kind of success, and are well on track.

If that view gains traction - once enough people buy in (literally) to that possibility/probability? - what I see as an inevitable re-rate will generate its own further buying and we could make really good money here, remembering the assured underpinnings to this fantastic sector.