Ann: Investor Update, page-8

hOOts I can't fathom your meaning beyond a literal interpretation. 'Well at least the cobalt isn't reported as Cu & magnetite equivalent .' Do you find it odd/unprofessional for a company to convert its co-products into the equivalent dominant mineral i.e. cu or zn equivalent? Personally I find it helpful provided the company includes the conversion formula in its announcements.

'Why does this all fee like De Ja Vu all over again ?' I don't know, why not tell us. I am sure that if you have specific claims/opinions or observations the rest of us would love to hear your thoughts. Past experience is one of the strengths of HC contributors. So please share.

Broosta