RE:RE:RE:RE:RE:AGG Investor presentation - January 2021 Good evening shore,
About my writing style, I guess most of you have understood that I am a francophone, almost unilingual.
Regarding what you are implying, about the possibility that Mr. Cohen is still a shareholder of AGG. I think this deserves some explanation from you because at the moment you seem to believe that Mr. Cohen is sharing his investment statements with me.
Regarding your point 1, I suggest you inform yourself first and then you can comment. This is the best advice I can give you.
Regarding your point 2, you have to understand that the big difference between mineral resources and reserves concerns economic study. For Kobada, this information is very important because it will serve to demonstrate that the project is economically viable and therefore obtain financing. For Nampala, I remind you that we already have a plant and that we do not need financing. However, indicated and measured category resources is a sufficient level of confidence to determine the zones to be exploited.
Regarding point number 3, I think a calculator could help you. A very simple calculation would have enabled you to understand that Nampala is vastly undervalued. To get there, you would do this calculation: Annual EBITDA multiplied by 8 years of reserves and divided by 600,000,000 shares ($ 76,000,000 x 8 / 600,000,000 = $ 1.04). After 8 years, you will have thus obtained $ 1.04 of net profit, calculated from current facts, without taking into account the capacity to continually restore the level of its reserves. And on this point, I assure you that it is much easier to restore the level of reserves when you have income than when you have to rely perpetually on the issuance of new shares. It's up to you, you don't have to agree with me.
Regarding point number 4, I didn't think I had to tell you that but… Analyzing a situation 2, 3, 4 or 500 times is a good way to reduce the risk. But know that there is nothing more faithful than real operating results. An estimate will always remain an estimate, no matter how many times you calculate it.
Regarding point number 5, I understand that you are suggesting that it would be preferable for Kobada to meet with a financial advisor from the Caisse populaire Desjardins in order to obtain a loan of $ 175,000,000 at 2% interest, first payment in 2 years, when income comes from production, smile as a bonus.
GLTA and remember that knowledge will always triumph over prejudice.