pattersons aki update, page-3

Hi Gisy,

I don't dispute your EQX:AKI relative value argument but AKI is certainly not fully funded until production. Funded until the release of the DFS yes, however before a decision to progress to construction is made significant funding (Equity and Debt) will be required. You also have to consider that AKI will own 72% of Mayoko but be responsible for funding 80% (govt free carried).

I'm considering investing in AKI (not currently a holder) but am a little concerned by the size of the hematite resource and quality of the DSO (Phosphorus and Alumina levels quite high). What have made me continue to dig deeper are the experience of management and the holding of Blackrock. I'll be interested to see who they attract as CEO.