Ann: June 2024 Quarterly Activities and Cash Flow Report, page-6

Very nice, well done to Paul and Co. I wouldn’t be surprised because of the really shallow nature of our Luni deposit, they don’t need to drill too deep to define the MRE, as opposed to for example, DEG which needed hundreds of millions of dollars to define their multiple large deposits. And they had to issue a lot of shares which in turns suppressed their share price even though they are technically an almost $3B market cap developer.

We have one small, shallow, super high grade deposit. That is our advantage and I expect this $100m will go a long way, which means less and less dilution from now on.