Ann: Multiple Cobalt Anomalies Identifed at Skuterud, Norway, page-8

I think Neil and the board need to get themselves to act to start making progress much faster. I've been a holder of BMT for about two years with much smaller holding now than originally as my enthusiasm about resources potential and progress being made gradually faded. Sometimes I have a feeling like Neil was only spending a couple trips a year to Scandinavia spending rest of the year in Aus. It also seems like preserving $3.5mln in the bank was higher priority than hiring some continuously working exploration teams. Of course that would be much riskier options for the directors because if they spent money and didn't find anything reasonable, they would have lost their comfortable employment (all IMO). Considering perfect dry weather in Norway and Sweden since April, there a basically no excuses for not moving forward.

Although cobalt prices are low for a year but they might have just reached the bottom because the demand for electric cars in Europe superseded the production and so far cobalt replacement in batteries hasn't been commercially proven. I hope Neil and the board are really committed and they will get their act together.