| Long-Term Price Case | $1,950/oz. Au |
| Flagship Project | Goliath |
| Ownership | 100% |
| Mineral Resources (Measured & Indicated) | 2,100,000 ozs. |
| Shares Outstanding | 173,000,000 |
| Market Cap | $31,607,100 |
| Average Annual Production | 109,000 ozs. |
| Recovery | 92.8% |
| Payable Product | 1,314,976 ozs. |
| LoM | 13 years |
| True All-in Cost (TAIC) | $1,453/oz. |
| Gross Revenue | $2,564,203,200 |
| Smelting & Refining | ($4,546,866) |
| Total Operating Costs | (1,096,552,517) |
| EBITDA | $1,463,103,817 |
| Royalties | ($38,648,361) |
| Total Capital Costs | ($418,311,672) |
| Taxes | ($352,150,324) |
| Net Income | $653,993,460 |
| Net Profit Margin | 26% |
| Absolute Cost Structure (ACS) | 74% |
| MTQ Score | 0.4 |
| True Value | $3.78/sh. |
| True Value Discount | 95% |
| Cash Flow Multiple | 10x |
| Average Net Annual Cash Flow | 50,307,189 |
| Future Market Cap | 503,071,892 |
| Future Market Cap Growth | 1,492% |
| Target | $2.91/sh. |
Notes: All Values in U.S. Dollars
