Ann: Macy Scoping Study Update, page-168

At this stage I haven't come to a view, but ultimately in exploration it is the drill bit that ultimately counts so at a high level they both have the same element of risk/reward and MC are pretty similar IMO. At a high level they look similar so investing in both might be an ok diversification risk strategy (again at a high level and whether people want more exposure to a zinc play etc). I still haven't invested here yet - realised the oppie conversion price so changing strategy and buy heads if decide to enter. For me both entities look good, but as I said exploration drill the final decider. Both would appear to have the cash flow to fund exploration if zinc price stays around these levels on the current short mine life they have and if all good can extend mine life. I only started researching SL1 after @Michaeljob asked me to check some calcs of his on here, so please treat this opinion with caution. Spent some hours last few days looking at that scoping study of that vanadium stock we both hold as well, but will get my head around what is here and risk/reward over the weekend, and hopefully understand the geology around the area as well etc and what has been reported to date in the various Ann's. All IMO IMO