THE 4 MILLION OUNCE BET, page-5337

Still not expecting any long term re-rerate until we have some solid PFS/DFS type numbers that institutional investors require to throw down their cash. MR or not, without a PFS we are still conceptually in the earliest stages of development, with an ore body that potentially is not economical to dig up.

I'm hopeful the PFS is essentially sitting on a desk waiting for MR approval (for what reason maybe someone can fill me in) since WWI announced about 15 months ago:

"WWI plans to complete a pre-feasibility study once a mining right has been granted. Substantial work has been done
to date on preparatory work in advance of feasibility studies and the conceptual model identifies four separate areas
for development which offers WWI the flexibility to stagger both the studies and development to manage CAPEX
requirements."

So the potential is there for a huge flow of news once MR is granted with a PFS release, NPV w/ inclusion of K9A etc and march towards BFS relatively quickly.