Ann: FY17 Financial Results Highlights, page-20

hi mate, in resource sector we must invest with the best in class mgmt . If you see Sprott /Rick Rule /Brent Cook trio, they give a lot of importance only to this aspect, which is quality of mgmt. Also they are all slowly moving towards the project generator model for obvious reasons like mitigation of exploration risks, less equity dilution , ability to increase the no of assets using this model by farming out assets, increasing the chances of exploration success etc. Actually SAU is also a sort of project generator only but not declared openly by SM , but you can see both in Australia and SK what they are doing,it is the same thing. In fact this is another thing which attracted me to SAU in the first place, SM is perfecting this to a fine art in the last one year. And they have got the right partner in SK now. Doug Kirwin is a known performer and he always goes into frontier areas boldly , backed by guys who have done doctoral level research in SK, we all know that.

BTW I am also invested in Lara Exploration.High hopes, they are also fighting a court case with Vale , with support from Codelco ( largest co out of Chile ) , if they win it will be a game changer. Likely to happen.