Let's not argue over trivial matters, the bottom line is,...

Let's not argue over trivial matters, the bottom line is, cheapies are clearly being collected.
Why does it matter mr big d*cks?

Anyway, here are a few pointers for your perusal. The next 3-4months are crucial, we have:

- Ongoing infill results due. (please be aware that some of these holes are drilled for geotechnical purposes and to sterilise certain sections of the extensions/resource in order to depict and delineate a greater deal of accuracy in the PFS/pit designs/strip ratio/further metallurgical samples, so they may not have the grade you're searching for, but I'm sure we might have a few hidden pockets that weren't known due to the complex cross-cutting faults in parts of our resource)

- A MRE update due. (Mineral Resource Update scheduled for September, which will include these phase II results + the additional results that were not received in time for the previous MRE which, in my books, serves as a significant upgrade for the conversion of inferred to indicated on its own)

- Followed by an Optimised PFS release due for EOY (November/December)

It's important to note we already sit with an Indicated resource of 10.9mt, yet being conservative, we only used 8.6mt in the previous PFS release.

CAPEX of 95mil, with Henan bringing it down to ~73mil after their contribution.

With such a low capital straining deposit, our parameters seem to be stacking up to a rather globally recognised deposit, which, when we compare OPEX, clearly stands out. High concentrates and recoveries = attraction from globally reputable parties. (Not to mention we're based in AUS for a tier 1 jurisdiction project with a Joint Venture partner contributing 25% of all capital required, inclusive of the low CAPEX)
Henan also had a 30% offtake agreement with previous operators and contributed around 10mil prior to PMY acquiring Sorby Hills, so their interest is demonstrated confidently.

Should I touch on the most recent impressive milestones achieved in relation to the metallurgical studies/tests which almost directly reflect in our NPV, or reflect on the fact we have Zinc throughout our resource at a low grade, yet with low operating costs/capex, it could be included in the future as to the northern part of our resource, sits Alpha, a Zinc dominant body with exploration potential clearly outlined as KBL (previous owners) didn't systematically view/explore the area.

" Flotation recoveries were higher than the assumptions used in therecent PFS with cleaner flotation testing confirming final concentrate grade of 65% Pb can be producedand rougher flotation testing with sulphidisation indicating up to 96% Pb and 95% Ag recovery on Freshcomposite and up to 91% Pb and 95% Ag recovery on Oxide composite. "

Further heavy liquid separation testwork to upgrade the ores returned impressive results with lead losseslower than the 10% assumed in the recent PFS. Results showed:
• Lead grade upgrade for fresh ore of 1.85x with lead losses of 3.3% at Specific Gravity (‘SG’) 2.75and 3.36x with lead losses of 6.6% at SG 2.93.
• Lead upgrade for oxide ore of 1.22x with lead losses of 4.1% at SG 2.75 and 2.15x with lead lossesof 9.1% at SG 2.93.

Preliminary ore sorting testwork returned 1.3x and 1.4x upgrades (respectively) for both Pb and Ag usingXRT with lead losses of 2-3%. "


" Analyses of 12 drill holes with significant intersections at the northern part of the CDEF deposit had notbeen received prior to the completion of the March 2019 MRE. Combined with the 2019 drill programinfill results, it is expected that a significant portion of the current Inferred Resource at the northern partof the CDEF deposit may be convertible to Indicated Resource. "

" It is expected that the deposit size at Sorby Hills will continue to grow as extensions and other targets outside of themain defined deposits (based on both historical and Pacifico drill programs) are drilled and added to the resourcebase."

" Compilation and assessment of the current and historical drill hole information is in progress, with an aim to providea sound geological and mineralisation model on which to base the revised MRE. Final assay results are expected bylate August, and a revised MRE will be completed in September. "

Underpromise yet overdeliver?

** Please be aware: The purpose of this phase II campaign is to convert a larger percentage of our inferred resource to indicated which allows the usage of additional tonnage in the PFS scheduled to be released around the EOY (November/December) **

CDEF confirmed amendable for a single pit being 1.7km.
It's vital to understand the asset we're currently bringing to fruition. This allows holders to correctly value their shares.

Silver price? Lead price?

Cheers and enjoy the temporary firesale shares with the global market action newcomers.