Ann: Investor Roadshow Presentation, page-49

Value Hunter

The point I am trying to make is that your analysis, as plausible as it might sound, is opportunistic and based on a snapshot in time.

You are doing the very thing you accused Autosime of in a different vein and that is being selective of the time rather than looking at the past, present and future.

Yes, right now, the acquisitions may not look the best but it is how they are unlocked in the future is where there true value will be exposed and you cannot say one way or the other what the true value of these acquisitions are until they are proved one way or another..

The fact is that we do not really know how all the acquisitions will work out for the companies concerned because we are in unusual and challenging times plus the fact I believe we as shareholders only know what the company is telling us and there is more in the grounds that have been acquired. Just because it doesn't appear on the balance sheets doesn't mean it's not there and will not provide some future value. I guess what I am saying is that DLS has been playing it's cards close to its chest and the true value, read resource available 1P 2p,...1C, 2C 151, 172, 182, 570, etc, etc will become evident at the right time. I don't believe we have the full picture or appreciation of what's in the ground but do believe the the JV partners do. The difference being is what you must report and what you have observed beyond this.

I bow to your experience as a geo, however, that only gives you insight how rock formations work but, with respect, no additional insight as to what is going on at DLS and how things might play out.

Cheers
BW
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There are known knowns. These are things we know that we know.
There are known unknowns. That is to say, there are things that we
know we don't know. But there are also unknown unknowns. There
are things we don't know we don't know.