Ann: Incident at Deflector, page-71

“Andy well has been on care and maintenance since November last year and hasn't effected our results so far no cash drain there -“

According to the C&M plan announced by the company, the company will keep the underground workings dewatered and the major infrastructure intact to preserve the value of the Andy Well mine. This will be costing money so your assertion that so far there is no cash drain there is incorrect. Then there are government tenement rentals, shire rates and statutory minimum exploration expenditures for the tenements that comprise the Andy Well mine and Gnaweeda exploration project tenements which add to the basic C&M costs.

Then there is also currently about $19 million of rehabilation liabilities which I assume are spread between Deflector and Andy Well, a portion of which will need to be discharged if they close the mine .

The Andy Well mine and Gnaweeda project remain liabilities (until they can be sold or developed) and could also need to be impaired more going forward, which is not a good look for the company’s Profit and Loss bottom line, even if people are aware of the origin of such losses. Let’s not also forget that DRM lost $74.225 million in FY2017. There is an old saying in this game, which is more often than not a true saying in my experience. Once a dog always a dog. Something to keep in mind before buying into a rosy future which hasn’t yet arrived.Esh