THE 4 MILLION OUNCE BET, page-7294

The early mining initiative if thing falls into place would generate

US$300K - 1million USD per month depending on grade in profit that could be injected into the qala shallows main ore project.

We will know more in a month or 2 on how above goes.

Also people misheard Jac, it will not fund the 2 other dfs as those has been already costs tabled on our current fund and most probably paid already.

What Jac said, the early mining initiative will provide us with the to SELF FUND to an extent whilst we execute the DFS. Meaning execute the qala shallow dfs into production.

Also again and again 50mill peak capex is required in the span of 4 years meaning even the current funds of ours is already part of that plus the early mining initiative cashflow plus the eventual cashflow tha qala shallows main ore body would be generating.

As mentioned numerous times each stage of the plan would fund the next stage.

Yes there will be a debt funding still in initially with or without equity funding but to what amount still is dependent on a lot of factors like what the early mining initiative production would be and what and how muvh of it will be left for the main ore body cashflow to fund on. Definitely not all 50 mill would be coming from debt or dilution.

Lets see in the next coming months if this approach is fruitful.