Ann: 31 December 2016 Quarterly Report, page-35

TJ, Yes I have contacted the Co. recently to raise a couple of potential issues.

Just to clarify ... I said above they sold PNR at around 10 cents. It appears it was actually 15,000,000 PNR shares sold at 14.5 cents. Hindsight tells us we could have conservatively received an extra $1 million dollars for those shares but hindsight is of no value of course.

I agree 100% on finding a suitable project. The Company has continued to assure us they have been reviewing "several" projects for many months and will only choose the best available, however, the ASX has strict guidelines regarding Companies trading on the exchange when they have no projects on their books. Management can keep the ASX at bay with the usual rhetoric given our circumstances but we are already over that normally allotted time frame and need to get the ball rolling!