Ann: Focus to Resume Production at Coolgardie, page-33

under the life of mine plan last October the NPV at A$2500 is A$242M. Gold has gone through A$2900 and looking to go higher with contagion spreading through the banking system, no end to the proxy war being fought in Ukraine, national debts throughout the world at breaking point and confidence in the ability of governments to handle the crisis. Based on todays gold price NPV is now in the region of A$400M. Progress is going well at TMH with gold production to begin before the end of the year. Even discounting the chequered history of FML and Shandong holding nearly 2/3rds of the shares it looks certain with funding in place that production will start soon. Surely there are wealthy investors out there who would find the risk reward extremely enticing. We could do with regular news of progress from the company but I guess they don’t care much for investor relations. Anyway GLTA long suffering shareholders I sincerely hope their patience will be finally rewarded