Ann: Quarterly Cash Flows Report - December 2021, page-2

The drop in the share price and the lack of movement in well over a year has nothing to do with management communications .There must have been a 100 communications in the last year .The share price has dropped because of a high cash burn rate ,all the money will be gone in less than a year .Meaning yet another capital raise combined with the need for raising about 1 billion dollars to put a plant in place .That combined with significant insider selling is a bad sign .Quite obvious that trying to do all of this without a partner is a bridge too far .Still at least 3-5 years from production.Recently a high grade producing mine in Canada attempted a bridge too far went bust and has sold for 100 million to an Aussie gold miner .That is for the plant ,high grade gold mine ,needs some upgrades and doesn’t have the reserves of Deg but this kind of thing happens all the time in this space .