General Discussion on AAU, page-784

!!! Not Advice just some different scenario calculations !!!

and also a pure NPV way to look at things just for the NPV scenarios for La Demajagua

assumed NPV $250M - reason Gold enroute to $1800 USD as per Scoping Study Feb

using current SOI




assumed NPV $250M - reason Gold enroute to $1800 USD as per Scoping Study Feb

using current SOI plus an additional 415M shares being uissues (wild ball park number)



assumed NPV $375M - reason Gold enroute to $1800 USD as per Scoping Study Feb and Antimony potential comments

using current SOI





assumed NPV $375M - reason Gold enroute to $1800 USD as per Scoping Study Feb and Antimony potential comments

using current SOI plus an additional 415M shares being uissues (wild ball park number)




So it seems to be a case of forming an opinion on where NPV is looking like being at and also what amount of extra Cap Raise shares / dilution, which would feed back into the above

but overarching all of that, is the typical lifecyle towards mine develoment versus % of project NPV , and I guess forming an opinion on what % for La Demajagua can be expected when FID decision is taken