Recent 59 Minute Interview With Fabian Baker - Worth Watching, page-19

Hi Swakopmunder

A lot of good questions, and let me try to answer a few. Cash burn is high, yes, but as mentioned in the BHP deal announcement, a significant part of G&A will now be paid for by BHP. With $22 million in a term deposit plus BHP paying for most of the active Nordics costs, I would imagine cash burn will be very little moving forward.

Rana has had zero modern-day geo work applied, which is the upside for Rana. It also overlooks a major port, which is very rare for a bulk tonnage type of resource.

I think you might be confused with Panikat. It is at the final stages of permitting, and the company should know if they can drill this year over the next six or so weeks.

I would strongly suggest you contact Kingsrose to get a better understanding of what is happening under the hood. Unlike most juniors, someone will get back to you fairly quickly.