Gerald Paneto (Cotera Mining, CEO) experienced raising $2.6B over less than 5 years at Detour to build largest gold mine in Canada; currently Detour's market valuation is significantly lower despite higher gold prices, indicating massive market disconnection from mining fundamentals; this reflects broader industry challenge where market prices companies far below actual production economics.

Gerald Paneto visits Yellowknife community quarterly to conduct town halls with government, First Nations, and residents, establishing stakeholder communication as standard practice; this positions Cotera favorably for permitting relative to greenfield environments and reduces community surprise risk.

Gerald Paneto has approximately 40 meetings scheduled at Beaver Creek and is also networking at meals and outside of scheduled meetings, and because he knows many people in the industry from decades of participation, Beaver Creek is 'never a miss.'

Despite fundamental value in resources, executing on plans is what matters; having a plan and a team that can execute is more important than just having resource assets.

Gold production is difficult and expensive; the average all-in cost is $1,500-1,600/oz, but with gold at $2,500/oz, there's a $900/oz margin, yet mining companies and junior producers are hated by the market.

Gotera drilling costs approximately $200 per meter because of proximity to infrastructure, which is significantly lower than costs for companies that have to deal with permitting for new projects in greenfield environments.

Gotera is focused on proving up more ounces below existing mines and controlling 70 km of Cal Shear (50 miles equivalent) that has already produced 14 million ounces in just 5 kilometers, making the company potentially the best-placed junior to acquire the Carine project from Newmont.