Just a rough formula so people can see what may be possible....

Just a rough formula so people can see what may be possible.

Tonnes through the mill, (times) Grams per tonne, (divide) 32 to get Troy ounces, (times) 24 hours in a day, (times) 7 days in a week. (times) 52 weeks in a year, (times) profit, (divide) shares for profit per share.

As up can see below. The first line is us now. The second is us with plant 1 operational and the current low-grade stockpile. Third is us mining and I have used 0.9g/t which can certainly go higher so can the 600 tonnes per hour.

This next table is a simple allocation of funds to dividends and or buybacks. The top table is a 20% to 80% split between dividends and buybacks and the lower table is just buybacks.

Buybacks make sense when the share price is undervalued. Had we been so lucky to get a Thai Bank Loan at $2.04 instead of a Cap Raise, we would have gone to $2.5 and so one must really understand we are drastically undervalued. In January 2024 when we are producing 2,000 ounces a week or over $2m profit a week. We will be undervalued if we are $3

So, if people want to sell us their shares below these prices. We need to buy them. It's Simple. There is no reason why by the end of 2024 we can't have bought back 50 million shares if the share price remains low.

Further to this. If we need to take on some debt to do it, that is perfectly acceptable business practice.