Ann: Drill Results Support Development Potential at Apollo Hill, page-15

Hi 4Leedy
The PFS has to factor in a reverse amortized cost of the heap leach plant so given the mine life at present is say 10 years, and then with resource upgrades it’s15 years then one might assume a cost of around $20mill a year for this infrastructure.
When considering POG now and as it elevates in future the cost of the heap leach plant becomes less expensive so even if the margin is only $1,000 per ounce now and if Apollo only produced 100,000oz per annum then there’s about $100 million in annual profit. $100mill x 15 years is a tidy sum, and I think my estimate of the $1000 per ounce margin would be conservative given the POG has increased significantly since the early economic studies.
Locantro recently compared Saturn’s Apollo project to an early blossoming version of Capricorn’s mine, and now their share price is about $7.00.. cool! Go figure and yes DYOR, and be informed by smart people who have done this before.
Importantly that’s why IB is employing top flight experts to make sure the project performs as well as possible.
Best to all, I’m holding for lots of positive news to come!!.
Sarg