Ann: Antler Copper Project Pre-Feasibility Study Presentation, page-3

So straight to DFS, insto and sophisticated money now can use the PFS as a trigger for entry.

65% will have easy debt access and the remainder of funds (100 million USD) may come from Au/Ag streaming, govt grants (inflation reduction act) of a mix with some equity portion but at least it's not in the billions like other projects.

Some small changes in PFS figures re Zn recovery etc but no show stoppers. Also a little thing called the "inflation reduction act" may offer some source of funding via grants as the cold war gathers momentum between East and West again.

So basically in an emerging Cu bull market a very low cost low risk developer with upside to rhe Cu price and exploration results.

Nice leverage and high grade plays like this always get priority over high Capex porphyry deposits, they always pump later in the Cu bull phase.

PFS illustrated robustness at 4.20/lb with higher torque to the rise in Cu price as reference to spot prices. Thats the beauty of high grade projects. So much upside if one believes we are in a commodities bull market, which we are as money flows out of tech sector.


For those with more foresight than the next week, this is a low risk leveraged play to what's evolving in the commodities space.