Ann: Share Placement to Advance Kupang Smelting Hub Facility, page-53

Indonesia is a difficult operating environment for mining majors like BHP (who have walked away) Freeport who are having difficulties and many others . For a junior here without senior management who have a good network of political contacts in Jakarta it is particularly onerous! Rules and laws can and are changed at a moments notice.Having run a business in Indonesia for 5 years there is no way in the world I would ever open another one or invest in any mining operation or exploration activity here