Ann: March 2023 Quarterly Activities Presentation, page-116

This is where you make the money, at times like these. The market was comfortable for some time with the valuation over $2 p.s. Nothing has changed re long term value. If anything, the rise in interest rates and fall in underlying commodity price, shakes out the marginal players and constricts capital to the early stagers. SYR is an unparalleled large long life resource with infrastructure already built out. It is worth over $2. Larger resource multinationals would pay that in a heartbeat for the stock if they could get it at the price. They couldn’t because the larger shareholders understand the long term value in the stock