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Where reference is made to estimates of value or relative value of a specific company, those are based on the covered company’s guidance and layered on with prudent and standard analysis. There is no guarantee that these estimates are reliable or will materialize. They should not be relied upon in making specific investment decisions and readers should seek advice based on their risk profile and investment requirements from a person qualified and authorized to provide advice.

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Note: Ubika Research has NOT visited various mining sites to do any independent physical assessment

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