RE:RE:"F/S"...Robust it is!!Let's try clean up that mess. My computer doesn't like this SH website!! Yes Laroplex, This is a very good FS even at $1000 POG. The size of the MAIDEN reserve (and I stress the word Maiden because Kobada is wide open along strike and at depth) exceeded my expectation by 100K+ ozs...... I also note we got a 25% bump in grade (with NO coarse gold effect)...... IMO I believe the AISC is very conservative, especially if we do get a grade bump due to coarse gold effect, which all the data to date supports despite the naysayers........ I will add that the CAPEX requirement in the FS is based on the so called Stage 2 production plan as per the Aug corporate presentation. The stated CAPEX requirement apparently is very conservative........Nothing is cast in stone and in my OPINION only, based on the scuttlebutt I hear (and I stress this is second hand info but the sources have been relatively accurate in the past), I think AGG will move forward with more of a Stage 1 "boot strap" type approach.......<$10mm usd capex.......15k - 25k oz annual production........if they go this way i still think there is a good chance they can pull his off with minimal dilution. this will prove beyond a doubt kobada can be mined as simply and cheaply as the fs states, will provide necessary cash flow ($5mm usd - $8mm usd annually) to start further drilling to increase the resource and reserve, and may allow for the financing of stage 2 production on debt only. if they go the stage 1 approach i personally believe we may still see production by the end of 2016....... re: valuation, i don't want to rain on your parade but given it's mali you probably need to apply a 50% discount to that npv. that would give you $60mm cad valuation. fully diluted (approx. 300mm shares) that still gives you a valuation of $0.20 cad and we're trading at 4 cents.......go figure! i'm still buying bits and pieces down here. glta usd="" capex.......15k="" -="" 25k="" oz="" annual="" production........if="" they="" go="" this="" way="" i="" still="" think="" there="" is="" a="" good="" chance="" they="" can="" pull="" his="" off="" with="" minimal="" dilution.="" this="" will="" prove="" beyond="" a="" doubt="" kobada="" can="" be="" mined="" as="" simply="" and="" cheaply="" as="" the="" fs="" states,="" will="" provide="" necessary="" cash="" flow="" ($5mm="" usd="" -="" $8mm="" usd="" annually)="" to="" start="" further="" drilling="" to="" increase="" the="" resource="" and="" reserve,="" and="" may="" allow="" for="" the="" financing="" of="" stage="" 2="" production="" on="" debt="" only.="" if="" they="" go="" the="" stage="" 1="" approach="" i="" personally="" believe="" we="" may="" still="" see="" production="" by="" the="" end="" of="" 2016.......="" re:="" valuation,="" i="" don't="" want="" to="" rain="" on="" your="" parade="" but="" given="" it's="" mali="" you="" probably="" need="" to="" apply="" a="" 50%="" discount="" to="" that="" npv.="" that="" would="" give="" you="" $60mm="" cad="" valuation.="" fully="" diluted="" (approx.="" 300mm="" shares)="" that="" still="" gives="" you="" a="" valuation="" of="" $0.20="" cad="" and="" we're="" trading="" at="" 4="" cents.......go="" figure!="" i'm="" still="" buying="" bits="" and="" pieces="" down="" here.="" glta="">