Ann: Karlawinda Progress Update, page-25

This is a great company with the board having paid to have a fair bit of skin in the game . Center peaks another major shareholder is a fund run by our CEO. The fundamentals are sound . A stock needs to breath - what I mean is they don’t go up in straight line rather a succession of rises and pull backs. Gold is getting spanked atm but will sort itself long term.

We have plenty of ground left to explore. This was never going to be a high grade mine and that was never the intent . It was always low strip ratios , low cost mine. Think RRL.

For the patient investors it will pay off and although it can be frustrating slow grow is MUCH more sustainable for long term stability over a quick pump and dump.