Ann: Appendix 3B, page-8

Thanks Spendthrift for the information.

I hardly make direct comparisons between NTU and LYC; but Ausheds for the last 6+ years has constantly down ramped NTU....even though he supposedly has no 'interest' in the company.....whilst constantly talking up LYC on the LYC thread....as he owns Shares in LYC.

As Ausheds made a point last week of stating that NTU whilst not currently in Production, has 700M shares on issue and 'prints shares like confetti'.....it made me wonder how many shares were on issue with LYC at a similar point in history before they went into production.

So according to your research, LYC had almost 2BN shares, 225M Convertible Debt Options and 72M Options before it went into Production. NTU hardly compares by comparison.

I note in 2014 after LYC was in Production and yet another Entitlement Offer; this had increased to 3.37M Shares on Offer, 740M Options and the 225 Convertible Debt Options.

According to Morningstar, LYC currently has 3.677M Shares issued. There are also 322M Convertible Debt Options and I'm not sure how many Options have been issued. Spendthrift you may be able to quantify this?

So whilst it was not my intention to get into comparing numbers of shares issued by NTU and LYC; given as Ausheds has negatively commented about the number of shares issued by NTU.....whatever way you compare it against LYC....the 7ooM issued by NTU is significantly less than the 2BN Shares issued by LYC at the same point in history.....which has since blown out to 3.677M Shares issued by LYC.....nearly 3BN more!

So for Ausheds to say that NTU's current 700M Shares on issue is..... "is some sort of record for mining the market".....I suggest that Ausheds should look no further than the current number of Shares on offer by LYC, if he wants to highlight about record numbers of Shares on issue for a mining company.