Ann: Unaly Hill Vanadium Project Drilling Update, page-27

One thing think that I find hard to ignore with Surefire is that Director Valdimir seems to have a well-established track record when it comes to both bandwagon-jumping, as well as getting on the wrong side of people.

There are three examples that come to mind:

1. Back in 2015 a new guy joined the company talking up some water-seeking seismoelectric tech. He swiftly departed in 2016, and presumably took the tech with him, given that it was never mentioned again.

2. In 2017, when cobalt was all the rage, they were talking up a potential cobalt acquisition, which you would have to conclude was worthless, given that shareholders never heard any more about this.

3. The acquisition of the Kooline project in 2016 (then referred to as a 'silver-lead' project) seems to have been designed to appeal to the silver-fans, silver being the 'hot metal' that year.

Although they seem to have been primarily interested in the silver potential at Kooline when they first acquired the project, it seems that they accidentally picked up a fairly decent project mostly due to the spectacular lead grades, a metal that was being largely ignored at the time.

I agree that there is real vanadium potential at Unaly Hill. But even so, given the track record of the management I don't harbour much hope that the project will ever get off the ground, unless the company ends up being taken over, which could be a real possibility, and the main reason I am still a shareholder.