| Long-Term Price Case | $1,700/oz. Au |
| Flagship Project | Volta Grande |
| Mineral Reserves | 3,788,000 ozs. |
| Shares Outstanding | 442,631,915 |
| Market Cap | $84,100,064 |
| Average Annual Production | 205,155 ozs. |
| Recovery | 93.1% |
| LoM | 17.2 Years |
| Payable Product | 3,524,100 ozs. |
| True All-in Cost (TAIC) | $900/oz. |
| Gross Revenue | $5,990,970,000 |
| CFEM Royalty | ($42,240,000) |
| Gross Income | $5,948,730,000 |
| Total Operating Costs | ($2,488,640,000) |
| Operating Profit | $3,460,090,000 |
| Income Tax | ($155,060,400) |
| Total Capital Costs | ($486,086,900) |
| Net Income | $2,818,942,700 |
| Net Profit Margin | 47% |
| Absolute Cost Structure (ACS) | 53% |
| True Value | $6.37/sh. |
| Cash Flow Multiple | 5x |
| Annual Cash Flow | $164,124,000 |
| Future Market Cap | $820,620,000 |
| Future Market Cap Growth | 876% |
| Target | $1.85/sh. |
Notes: All Values in U.S. Dollars
