Ann: Becoming a substantial holder from SLR, page-7

The SLR thing is interesting, there was always going to be a tie in with SLR due to Gareth and Les, but from a strategic point of view I can''t really reconcile why SLR would sell a bunch of Tenements to BC8 only to get them back in a TKO within 12 months or so..... sure I get that its a way for SLR to get 8% of the company, however the end result is that BC8 will have a much higher market cap now we have ~700 koz vs the ~300koz we have previously. So without the sale, SLR could have bought on market or even easier take a placement when BC8 raises capital next. With Gareth and Les SLR will always have had the first right of refusal if other big dogs were sniffing around...

Perhaps I am being more hopeful than practical, but I would like to think the strategy is for BC8 to get through to production on Myhree within the next 12 months, get a MC of ~$200mill+ before any TKO happens