Ann: Investor Presentation, page-2

Well, assuming RIO achieve their ambitions, PGM EV is MINUS 5.5 mill bucks haha. A zero EV corresponds to the next PP / previous swing high then. 4.2 remains a major PP IMO.

Interesting note, Chinese retail purchases are up 70 pct YOY to almost 400 tonnes, while CBs are buying up physical at record rates.

How long more the relevance or even existence of COMEX without ability to deliver physical? They are at record short positions I believe.

And Biden now under impeachment investigation by US senate. Wouldn't take much for Jesse to wake up.

Am feeling very comfy with my reward /risk play here, given my macros view ..... My feel USD 2500 per Oz for POG is conservative mid term target, as is my call AUD/USD 0.50 L/T triple bottom.

What would an economic resource grade be for a million Oz resource at AUD 5000 per Oz? 1 g/t ?

That's the 5th primary EW for Gold ahead IMO. And am trying to be conservative. U don't wanna know what I really expect in next coupla years haha.

Hope we are still holding our 49 million SIZE shares at such time.

Am feeling very comfy with my reward /risk core investment here, given my macros view.

OWEP