Ann: AGM Presentation, page-4

Nice calcs.. but i beg to differ on interpretation.

"when" niu have been producing.. it was certainly much higher grade than 1.5 -2 g/t.
I would see this as an illustration of bare minimum...

If we take say 3.5 g/t and 40t/day.. that would be 140g so just under 5 oz/ day.. suggesting about 18 days production to break even in any particular month.

IF we change any variables.. economics improve considerably..

Clearly we need to walk b4 we can run.. get producing first but plenty of upside to these numbers..

SP to follow.. credibility clearly an issue. Drilling to provide X-factor. Repeat hig +150m gold hit next to 20m oz Nena frieda.. suggesting continuation of mineralized zone.. then we'll be well on the way to 1c

Exciting times..