Ann: First assays for Iris copper prospect, Cloncurry-MEP.AX, page-34

honestly praise your persistence and admant views towards company's Iris/Electra project.
Sometimes, I might think you are a company personal, hahaha.

In reality, as we do not have any other sources to examine situation except company announcements,
conductance is 2nd most vital decisive factor after actual drilling outcomes in any exploration.

If we check again, company announcment 'First assays for Iris copper prospect, Cloncurry ' on 19 Oct 16,
it seems very accurate and correct outcome in accordance with previous conductance survey result;
1. Iris South   135m cover   3,200S
2. Iris North  100m cover   1,500S

Then, with those fact (or close fact)  findings, we can anticipate possible future arising events especially in
relation to conductance survey outcome.
3. Old Electra 300m  5,000S  and  380m 6,000S
4. New Electra   470m   1,100S

If company has kept maintaing original 5,000S (300m depth) and 6,000S (380m depth) conductance
survey outcomes, I have no reason to retreat my original encouraging views in prospectivity, but conductance
1,100S at 470m depth seems not so clear promising outcome, imo. Even it is not DHEM but seeming GEM survey
and  the latter case I am in doubt its accuracy in more than 350m below the surface.

Around announcment on 19 Oct 16, I assume company had executed about 2 or 3 follow-up drillings and its view was
very encouraging but announcement '2.7km Conductive Trend, Iris-Electra, at EloiseJV' on 16 Nov 16 seems somewhat
receded views from previous one, in my understanding.

This time I would like have chances to hear your gut or sub-conscience telling about:
1.  Is there any possibility we could encounter 'graphitic schist or siltstone' at Electra as Royal prospect did?
2.  Still, why not company drill first at Electra than Iris as their prospect seemd better?
3.  Do you think Iris follow-up drilling assays will be surprising with attractive grade?


Regards,