Ann: Response to ASX Price Query, page-8

Waiting for the EIA approval however with funding things could move quickly with commissioning of the plant upgrade providing increased throughput. Production was previously estimated within 6-8 months of commissioning. Resource well understood and sales / marketing covered. Botswana diamonds is a good place to be imo. Good geology, stable gov, known approval processes and favorable investment climate. Hopefully they will release an updated valuation for Lerala. Valuation in Aug 2014 indicated positive cash flow from year 2 to year 7 and NPV A$73M.