General discussion, page-2040

Let’s look at the potentials,

I think we are looking at reserves 2m (our current 4mls), production 130k ounce per year,(2m/130k=15years LOM which is why RSK saying extended mine life 2013+15=2038. (Below photo)

Though they said avg production will be 110k per year from 2024, maybe it helps thai BOI to quantify the incentives they are giving us. If there is no cap then we can go pro and produce as much gold we want, like max to 130k-150k ounces per year.

our profit $500 per ounce will give us $55m profit (110k), 22m dividends, $20m admin and wage costs (kcn & Akara), balance exploration and other opportunities.

our Main course:
44spls & 70spls (still pending) should give us at least another 6 to 10 Chatree (expected reserve might be 10-20m ounces of gold), will start to see the drilling results from next year. If I am right then we need another plant capacity 6mtpa which will increase production to 300k ounces per year.

I think you are right we will see decline in ASIC over time. If the royalty goes to local people then I don’t have any issues as they supported us a lot.

photo