Broker Briefing, page-7

Hi Funk

Good question..

Spoke to Rob yesterday and the drilling is to be centred on Southern Nights in an aggressive program to learn more of the really great potential around the recent 30% Zn discovery.

My guess based on very little stock left to secure is short term 65-80c
Medium Term say by March 18 circa $1.10-1.25

And assuming the drilling proves strike to a fair
grade, depth, I’m hopeful this will be a major discovery, hence sending Peel where it should be into dollars, given Mallee Bull T1, Wirlong and Wagga are all mines at some stage.
Not forgetting Apollo Saturn is yet to float and base metals and gold are expected to be strong in 2018...
Sarg