Ann: Presentation AMEC Conference Perth, page-25

Good Post.

Need to focus on what is actually proven and not hearsay.

On the numbers from the presentation, they have achieved a grade of 1.5 - 1.6 g/t.

On those numbers then $1300 - $1350/oz must be on the cards.

When cashflows come out on 31/07/2017, we will know what the exact costs are and the grade.

I still believe that the cash will be downgraded to $25M with $39M in debt.

I would not be surprised to see a $10M capital raise over the next 2 months, so that Going Concern issues are not an issue.

Hopefully grade will be 2 g/T and costs are under $1250/oz.

Time will tell.

DYOR