36c Rights Issue, page-28

@Fatcats it should not take any longer than 2 months to do a maiden JORC compliant resource estimate post receipt of final drill assays.

- 3 weeks to finalise wire frames and select appropriate top cuts and search elipsoid parameters and estimation methodologies and run the initial estimates.

- 1 week to do some validation checks of the model comparing blocks grade correlations with drill assay data.

- 2 weeks to maybe run some additional models using different estimation parameters to see whether you get a more accurate estimation in respect to grade distributions.

- 2 weeks to finalise the selected model and finish the associated resource estimate report.

The above are very generous timeframes and as such the delays we are seeing from the Peel management team are not acceptable.

If what you imply Rob is comprised via his other engagements then shareholders need to unite and move him on as every delay is destroying value and not creating it as time and opportunity costs are both expensive and not providing any form of return on shareholders capital invested.

ROB - I HOPE YOU ARE READING THIS AS YOU NEED TO STEP ASIDE.