Ann: Hillgrove Antimony-Gold Project Delivers Compelling DFS, page-153

Still plenty of upside to be achieved. Lets assume a 30% upside with Bakers Creek and the large, untested corridor between Garibaldi and Brackins Spur being the primary targets, but others may be identified through the IP Trial Surveys.
All is based on the mid case (Still conservative)

	Metric	Original (DFS Mid Case)	With 30% Growth	Notes
1	LOM AuEq Production	685,677 oz	~891,380 oz	+30% scale-up
2	Mine Life (approx.)	8 years	~10.4 years	Assume same throughput
3	Post-Tax Free Cash Flow	$1.02 billion	~$1.33 billion	Scaled 30%
4	Post-Tax NPV (8%)	$694 million	~$900–950 million	NPV growth is slightly non-linear—lower due to time discounting
5	Annual EBITDA (avg.)	$250 million	Similar	Same annual rate, just extended over more years

NPV increases materially, likely between $200–250M, depending on discounting assumptions.Cash flow improves significantly, with over $300M extra post-tax FCF.IRR may slightly compress as returns are spread over a longer period.Capex and fixed costs stay largely the same, enhancing margins.

Is 30% a reasonable figure, too bullish? IDK but thought I'd share.