Ann: Vulcan responds to disinformation in online report, page-116

Hi @JandJ

I think you’re misunderstanding my post. I did not say I was quoting the company, I was *summarising*.

Also, Vulcan’s comment was that they mentioned 11 times that they haven’t drilled wells yet. i.e. they made it absolutely, positively clear. Saying “painfully clear” is just a turn of phrase. Nothing negative is implied. So I think perhaps you read my comment exactly the opposite way it was intended. No one can fault Vulcan for not declaring the wells has not been drilled - it was made very clear in the PFS. Make sense?

But the overall answer is: “we’re confident on our assumptions”. That’s why, at this point, it doesn’t feel fully addressed to me.

Just my opinion, take it or leave it. This is an open Internet forum for interested observers, not an exclusive chat room for Vulcan bulls.

Cheers
m