Ann: Appendix 3B, page-7

Hi Optimistus and all,

Some people would say this is a very illiquid stock indeed others may take a slightly different view and see it as a very tightly held stock. Particularly as some 90% of the shares are held by approximately some 14-15 groups or individuals.

However, as a none shareholder possibly just observing the steady rise from 18 cents (10/04/17) to todays close of 26.5 cents I was wondering why you would be interested. If you have been watching for an entry point and missed the opportunity to pick up a few at 18 cents I can understand your frustration of missing out on a 47% price rise in just a few days.

Mr Market is clearly anticipating the next round of ASX announcements as are the actual shareholders, possibly once the trial mining plant is up and running and steadily producing Gold and Silver we will have a better understanding of the potential of this resource.

I do have a reasonably large number of these shares; however, the liquidity problem is not something I worry about at this stage as I see this as a relatively longer-term play.

Still I thank you for your interest and observations it would be a boring life if we all held the same points of view.

Cheers and very best regards: Andy