Ann: DFS Review Strengthens Tumas Projects Flagship Status, page-32

That's a good response!

i don't disagree with you because i know it's going to a challenge and it isn't as easy as it sounds. I've had my fair share of challenges with WAF, CDV (CDV Capex was substantial and that resulted in a takeover/big war) and a few others in the gold space although that sector is different again.

The examples are a useful tool and definitely show what will potentially happen in the future, but at the end of the day none of those have been a uranium company and none of them are experiencing the current market. Hence my "unrealistic view" at this current time

In this environment it is harder to borrow debt and that's definitely going to have its challenges moving forward. i've always said (unpopular opinion) that dyl and el8 could potentially be a takeover target to a larger predator.

I always though that being realistic would make me money and it did with a lot of names but the big money i missed was due to doubting the hype and now this sector is i believe on the cusp of an explosive reaction probably from
mid next year.

i am prepared to be diluted, i am prepared to go through the hard times and i'm most definitely prepared to buy at what i believe is a discount now for what could be worth a lot more in the future.

i think the future will surprise us all