St Barbara - maybe not interested in buying Peel, page-19

Hi Sarg,

To quote your post - "The near conductor hole/s as missed twice, proving this link was originally a rich Cu AU hit, needs another go. Rob said at the time they decided to save money not returning with guided drilling technology....."

I previously posted that I outlayed $30K based on the April 17th 2018 announcement about the copper and gold rich intersection which missed the conductor. In fact I purchased 50,000 shares at $0.645. At that time the company had a market cap of $142 million - now it's $99 million and there's been 15 million shares issued since. Hole WTRCDD123 which intersected 14.45m at 6.42% Cueq certainly needs follow up. It missed the "conductor" so I would think the width and grade could be spectacular if the conductor was intersected. I assume Rob Tyson has spoken to you directly in relation to him stating he wanted to "save money" by "not returning with guided drilling technology." - I make that assumption because it is nowhere stated as such in the company announcements (I'll stand corrected if you can steer me in the right direction).

In my opinion this is a ludicrous example of "penny wise and pound foolish" decision making. In the context of deposits like Peak, Endeavour and CSA where there are numerous ore bodies or lenses aligned along strike (as seen in numerous long sections in Peel's own presentations), this hole/conductor must be followed up. What's wrong with these guys? They're happy to see a slide in market cap of more than $40 million but don't want to spend an additional $150K on a navi drill hole to potentially regain some investor interest.