Ann: June 2024 Quarterly Report and Appendix 5B, page-20

Do you guys actually read or just perpetually post rubbish.

They had $5m at 30 June. Since then T2 of the raise has settled and they have paid out loan notes. They now have $25m. Based on last Q spend of 2.5m that is 10 quarters of funding....

As for the DFS all I can say is that it is more proof the last board were a bunch of jokers IMO. These guys have come in and seen a bunch of obvious improvements with the drawback being time. But what is the point of saving 3-6 months to put out a suboptimal result.

Reducing the initial plant back to 3.6Mt could keep capex as low as $250m and the lower that number the easier it is for us to fund the project. The feed grade in the first 6 years still allows that to be a >100kozpa project years 1-6.

This leads to exploration. I don't think they said let's blindly poke holes. They said it gives them 6 years (+2 or so before we start production) to systematically work on Stanley/Duggan, the barely drilled southern zone etc to see if we can generate more ounces at 1.5g/t+

Part of what bought this current board to the project I have no doubt is the fact that they hold an entire greenstone belt. The likelihood that the only/best deposit has been found on that entire belt is low. Exploration is key to a long LOM project and trying to keep some newsflow. Something everyone complains about the lack of.