Chart, page-242

Although I would very much consider the Mill upgrade as the governing company maker, I am wondering if we can consider share buyback also as a significant short term consideration due to the following:

1. Share buy back will reduce/restore/reverse the merger dilutions while returning incredible SH return in the form of SP rerate for all holders especially the LT SH
2. SH buyback at current SP is much beneficial compared to SH buyback at a higher rerated SP
3. Even if it is considered as an investment, we should get 2-3x value based on expected SP at 15-20c expected to reach even without the buyback
4. Buyback can be possibly done without affecting/delaying the mill upgrade program once the program is available
5. In the worst case scenario, buy back shares now and then dilute at a later date with much higher SP ie less dilution
6. Buy back will give a fair opportunity for genuine sellers who wish to exit if any. At the same time, it will be not in the best interest of say shot sellers and manipulators if any

I am sure management can be alerted to consider all the options in the best interest of the SH (that is the SP and MC appreciation without dilution).

The options must be shared - even a graduate will be be able to develop the internal options in coupe of weeks if not few days for reviews, meaning none of the focus need to get disoriented.

Even I could have done it myself, but without the actual information it will be only a guess work and wouldn't add value. AJIMHO

GLTAH