Ann: Maiden Reserve at Bulletin to drive step-change, page-201

“You are assuming the gold was not there in the first place”

Im not assuming anything of the sort.

I am stating it as a demonstrable fact.

Let me be absolutely sure you understand.

I am saying that they literally can not extract any semblance of gold production and, let’s face it, the most important part!!!, make more money than it costs t pour it.

Gold would have to go so far past $5k AUS for this crew to make a cent. Even then, they would probably get performance rights on production hurdles irrespective of margin.

I thought capital appreciation should be the biggest hurdle for any executive performance rights but hey, if that floats your boat, let’s celebrate…..but let’s not