THE 4 MILLION OUNCE BET, page-7303

Your understanding and the markets of a full scale operation are very different - as are your timelines.

1. Old miners very rarely leave the bonanza that people assume is going to be there, they don't walk away for nothing

2. A full scale operation! - let's just do the maths on that one. Let's say 6,000 ton a month. So a small to mid size mining truck takes 50 ton payload. That is 120 truck loads. Now let's say very conservatively again they work 22 days a month. That gives you 120 divided by 22 which equals about 5.5. Now across a 12 hour shift they move 1 truckload of dirt every 2 hours and you call that an operation.

We all want this thing to go up in value but spruiking facts and figures as though it's an operating gold mine of any value is just wrong.

We need the $50 mil CAPEX, and please don't get this confused with OPEX, and 2 years to develop and we will be smiling. The rest of it is purely smoke and mirrors that keeps them employed. QALA shallows in full operation and we have something valued at 15x the current value. Anything else and it's just a speculative stock like 100's of others on the ASX.