Ann: March Quarter Production Update, page-22

klu: I do not agree with your opinion that SLR will have to explain its cash - on - hand and
bullion intentions.

To maintain, or even improve on its current financial position it will be required to undertake
more exploration, as without gold SLR cannot have a sustainable and profitable future.

Gold is a finite resource and finding it is expensive.

I much prefer more exploration, more gold and more upside for the share price.