Ann: Silica Hills - Exploration Update, page-20

Fear. At this point market in ARV driven by fear, watching Novo cop a pounding in Canada overnight, people buying on the trend, selling in the rush to the exit, relatively short term traders thinking about the price of everything and the value of nothing. ARV could roll out a carpet of gold right now and these shareholders would say it does not if in their hall run. Sellers will run out of steam soon. ARV is a cornerstone stock for me of the new Pilbara minerals boom, building on the back of decades of iron ore and gas we are now seeing development of multi-mineral producers like ARV and DEG with tremendous base and precious metal resources to exploit.