Ann: Charley Creek REE Project Moving Forward , page-3

Hi Ausheds,

You forgot to mention Torpedo and DDzx. Very exclusive club the HC CUX forum, which is why they were probably following you rather than us. I'm sure your change to a 'buy' will have a positive affect on the SP. In fact, is that why the SP is up 27%?

There are some interesting points made in the announcement, for example:

- "Survey results included high grades of up to 0.6% TREO in alluvium (5,778ppm TREO) and HREO/TREO ratios as high as 69.5%."; and

- Figure 4 shows the resource estimate was taken from an area with low grades of TREO compared to areas to the east.

I too like the management in the way they are not inclined to overplay their hands. I don't know if Alister Stephens had a hand in this announcement because it was certianly clearer than those of the past.

Cheers