Ann: Agreement to Acquire Gillies Cobalt Project, page-26

Speedy, I agree with you. It is most surprising to see the price down at these levels. For the life of me, given the prospects for the company, why anyone would sell sub 4c is astonishing. Perversely, every new positive announcement causes a further dip. Been trading for 30 years and seen plenty, but this has me mystified, especially given the CR already done at 6.2 cents with the money still in the kitty. The only thing I can put it down to is that whilst we are looking for the right commodity ( cobalt) in the right place ( the Canadian cobalt belt) we have not put a drill into the leases as yet. Sure we have historical bulk samples ( 10%Co in an 8 tonne bulk sample at Mulligans site) but we have not commenced proof drilling. Now that winter is turning to spring, I guess the drill campaign will get underway with vigour. I am working on the old saying that the darkest hour is before dawn. I am sorely tempted to buy more sub 4c.