***junior gold co's and reserves****, page-4

re: ***sabre:junior gold co's and reserves**** sabre,


Your SBM ranks third in my gold juniour list regarding reserves.

It ranks second in EBITDA sensitivity to 10% uplift in gold price. From left to right the highest to benefit to the lowest:

RSG, SBM, BDG, BGF, LVR, EQI, CRS, DOM, AGC, KCN, SGX, TRY, BCD, PSV, GGN, NMC, SED


The highest attracting a 35% increase based on a 10% increase in price and falling to 7% for SED.