Ann: FY2019 Deflector Production Guidance, page-24

The announcement would have more validity if it was based on published increases in mine reserves after mining depletion. Genuine question. When was the last reserve/resource statement and how did that compare to the previous one? Extrapolating based on one quarter of past production seems a little wishful to me. It just seemed like a very thin announcement with very little reference to where the gold will be coming from within the UG mine development. I still believe they are high grading this mine for short term gains. Not good for the future in my opinion and the Da Vinci code is receding into obscurity with noncommittal language replacing the previous more bullish sales pitch.

Don’t forget that this company recently need money from the market to bail it out of its mining troubles. Esh