13 www gbr eports c om Glob al Business R eport s ONT ARIO MINING 2018 PRERELEASE Glob al Business R eport s ONT ARIO MINING 2018 PRERELEASE cut of and an inf err ed r esour c e of 296000 ounc es g old 116 million t onnes gr ading 79 g mt A u a t 4 g mt cut of The PEA fr om Sep t ember 2017 g ave a pr oduc tion es tima t e of 911000 oz of g old during a mine lif e of 14 ye ars an af er t ax ne t pr esent v alue a t a 5 disc ount r a t e of C258 million and an int ernal r a t e of r e turn of 47 with a 28 ye ar p ayb ack of initial c apit al The thir d junior vying f or suc c ess a t the R ed Lak e Camp is Rubic on Miner als A f ormer pr oduc er Rubic on suc c essfully c ame thr ough a C CA A b ankrup t c y pr o t ec tion pr oc ess in la t e 2016 r aising C45 million while in b ankrup t c y pr o t ec tion Utilizing the Flow Thr ough Shar e FT S pr ogr am Rubic on manag ed t o r aise C10 million mor e in Mar ch 2017 and ano ther C10M in F ebruar y 2018 Geor g e Ogilvie pr esident and CEO of Rubic on de t ailed the infr as truc tur e a t the Phoenix g old pr ojec t and the t ax adv ant ag es Rubic on s c ont ex t of ers it s shar eholders Rubic on has mine infr as truc tur e which is fully built permit t ed with a working mill t ailings pond a 200man c amp onsit e and with the benefit of C687 million worth of t ax loss pools If the Phoenix g old pr ojec t went t o c ommer cial pr oduc tion we would def er p aying t ax es on any pr ofit s and the t ax loss pools c ould also be adv ant ag eous if we wer e t o look a t MA ac tivity a t a la t er s t ag e Geor g e point ed t o the personal inves tment he made of C650000 int o Rubic on Miner als as t angible e videnc e of his belief in the pr ojec t Continuing the theme of juniors f ocusing explor a tion on g old rich p as t pr oducing ar e as Manit ou Gold ar e also f ollowing the IM A GE Courtesy of McEw en Mining