Hi Gammat ,some real desperation building by the nay...

Hi Gammat ,some real desperation building by the nay sayer’s…Once the SBLC is replaced drawdown will be confirmed…The company will remain in suspension till either replaced or not required…If the company remains in suspension beyond August 4th does not bother me…

From the update announcement workers remain on site and sure does look impressive what has been achieved this far…EY valuation will be of great interest as CRDB gave the project zero value although the value has definitely been achieved…The company only requires US$20 million and any valuation will be welcome towards achieving a successful outcome…While Allan Mulligan consistently believe a completed project was valued at US$180 million…

Even a valuation at US$100-120 million is 5-6 times higher than the debt required…Payback period of 22 months at DFS basket price…In the early years the project can run higher grade material thru the plant at 23%TGC if required…With these high grade outcrops, once in production it would be prudent to mine these first along with startup pit…To tap into this they could deliver a higher yield from same through puts along with increasing spare capacity of the plant…

If this was to occur expansion opportunity could happen just by variation of the block modelling plan…With the expected higher demand than what the plant can deliver on startup are looking forward to the growth opportunity…

Not sure why so much discussion has been placed on the successful blasting and stock piling of the first high grade domains…The higher grade domain 30-50 mt east of drill blasting will be even more interesting…Surface blasting no doubt will have a different blast pattern and density due having no hanging wall exposed.Once the hanging wall is exposed the drill pattern will change…One blast at a time though…$$$

Regards Croc (Transformational year…)