| Long-term Price Case | $24/oz. Ag | $1,700/oz. Au | $1.18/lb. Zn | $0.86/lb. Pb |
| Flagship Project | Keno Hill |
| Ownership | 100% |
| Mineral Resources (Indicated) | 83,561,000 ozs. |
| Mineral Reserves | 30,453,000 ozs. |
| Shares Outstanding | 117M |
| Market Cap | $161,460,000 |
| Average Annual Production | 4,142,779 AgEq ozs. |
| Recovery | 95.6% |
| Payable Product | 33,142,232 AgEq ozs. |
| LoM | 8 years |
| True All-in Cost (TAIC) | $17.15/oz. |
| Gross Revenue | $795,413,568 |
| Yukon Mining Royalties | ($95,449,628) |
| Net Revenue | $699,963,940 |
| NSR | ($10,499,459) |
| Total Operating Costs | ($274,966,410) |
| Operating Cash Flow | $414,498,071 |
| Total Capital Costs | ($75,656,972) |
| Yukon Taxes | ($49,739,769) |
| Federal Taxes | ($62,174,711) |
| Net Income | $226,926,619 |
| Net Profit Margin | 29% |
| Absolute Cost Structure (ACS) | 71% |
| MTQ Score (Higher is Better) | 0.4 |
| True Value | $1.94/sh. |
| Cash Flow Multiple | 10x |
| Annual Cash Flow | $28,378,036 |
| Future Market Cap | $283,780,360 |
| Future Market Cap Growth | 110% |
| Target | $2.43/sh. |
Notes: All Values in U.S. Dollars
