Ann: Quarterly Activities Report, page-5

Hi bearman


(1) I wondered whether you knew the drill announcement dates (approx).

Answer: only understand results will be announced 1st quarter '17

(2) Also, have you read anywhere or surmised the grade levels of the deposits.?

Answer: have read in presentations which say "quality of iron ore tested better quality" (Davis test tube)

Hence what you have is higher grade of magnetite after benafiction process.

Overall, CZR have much more drilling and testing during '17.

Bottom line, if mark gets excellent offer via takeover. He may say " take the money and run ".

Basically I'm happy sitting tight for the long run.

Best wishes

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