b'At Kopernik, we are excited to invest in value opportunities that many others overlook. From developing original ideas to buyingand selling exceptional businesses, our guiding principles lead us to discover value.Yoma Strategic Star City Estate The tenets we follow are: Yangon, Myanmar Original bottom-up, fundamental analysis to gain a thoroughunderstanding of a companys business and valuation Global perspectives to enhance understanding of marketsand companies Long-term investment horizon to allow for inherent valueto be realized Value as a prerequisite, not a philosophy Impala Mine Tourngesi, Zimbabwe Capacity managed to maximize return potentialBy applying these principles, and assessing distinct industry characteristics and success drivers using industry-tailored valuation metrics, we can systematically appraise a variety of businesses. Our clients trust us to find compelling opportunities that earn results.Cyprus Value Kopernik Global Investors, LLC| 7Investor Conference'