Hello all, I will be doing weekly updates till the release of...

Hello all, I will be doing weekly updates till the release of the MRE on what the market expects our resource size to be based on current Share Price.


As of 16/6/2021 the market expects 604,864 ounces to be in our MRE

Based on market expectations above we can infer what SP should be if MRE beats this expectation, sensitivity tables as below.

With the release of Class A performance shares (if MRE falls between 250,000-999,999 Ounces in MRE)


If MRE is 400,000 Ounces we expect SP to be 0.105
If MRE is 800,000 Ounces we expect SP to be 0.18
If MRE is 999,999 Ounces we expect SP to be 0.22

With the release of Class B performance shares (if MRE falls between 1Moz to 2Moz)


If MRE is 1.2Moz we expect SP to be 0.235
If MRE is 1.6Moz we expect SP to be 0.305
If MRE is 1.8Moz we expect SP to be 0.34

With the release of Class C performance shares (if MRE is greater than 2Moz)



If MRE is 2Moz we expect SP to be 0.365
If MRE is 2.4Moz we expect SP to be 0.43