Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-49

I'd like to think I'm realistic/factual rather than negative but I take your point!

If anything my last post was the most "positive" I'd been about the company in a while as I honestly didn't quite expect them to get to now (admittedly they've stopped paying down their debt which helped a lot).

The 33% increase in grade you mention (75 to 100g/t Ag) only is valid as long as your recoveries stay the same, otherwise there is no realized benefit. After working at several operations over the years I have seen circuits be flooded by product which it can't handle, but I see this risk as low since the Manuka plant was designed for the Ag deposit.

I wouldn't think the cost to process silver is any less than gold; the chemistry is the same; you're just replacing Au+ with Ag+. But you will have 25x the grade coming through the plant, so there will obviously be a much higher requirement for carbon (which is scarce at the moment thanks to Covid - I hope MKR have put their order in!!!) and stripping/pouring costs will also be higher. Swings and roundabouts...