Ann: 2017 Full Year Statutory Accounts and Appendix 4E, page-152

Hmmm BDR is now "worth" 113mill market cap...this is after all those investors paid good money to prove there's gold there, spend $50m to $60m expand the mill, dig a vast hole, get monkey hill out of the way etc, seriously I implore anyone to print out the last 5 years of fin/ exploration/ mine projection reports and make up your own mind about what opportunities (and risks) there are in BDR. Although it doesn't appear good, it's not as bad as some on HC are saying. I appreciate many are frustrated by the drag of the AISC, but the key question is do you think this can be improved? Do you think the mill upgrade will enable high, and low grade to be processed ( it hasn't even been commissioned yet, but it seems others have written this off completely) Does anyone think the next section of the mine ( as reported for 2-3 years) is going to be high grade? ( greater than 1.8 oz per tonne?) Does anyone appreciate the significance of the write off of the stockpile? (Surely this means a future bump in some value in wet season processing)? In conclusion I'm not so indisposed to thinking the past doesn't equal the future: who knows?