Broken Hill Historical Data, page-14

Hey mate no worries, happy to spend time doing research like this because I have a lot invested in this company and I like to see that potential is there, particularly in new areas of focus! Unfortunately, due to the state of the SP, there is a lot of negativity from others on here who may not be as engaged in the companies operations and knowledge of our holdings. They hold their own agenda for wanting the price to stay low. IMO It is good to share the data with those interested - Because the data does not lie.

IMO I would prefer us to hold onto all of our projects. However, it will all depend on the share price moving forward, sentiment such as gold price outlook, and whether we can exercise options, and create further funds, etc. Shareholders will not want the company to keep raising cash at such low levels and diluting holdings. A reward for long-term holders is not diluted holdings, it's advancing the company and seeing value in our shares.

If the lack of action in the share price continues then eventually management will be forced into selling a project or enter a JV to free some cash to focus on completing more work. However, I believe our fortunes will turn in the coming months and further announcements and lab results will create a re-rate in TSC. If we can form a new base 1-2c in the coming months or 3-4x our current value then that is a prime price to add more capital and I am sure holders will welcome a capital raise as long as we have made progress and added value in the SP.

Eventually, we want work to be exploring non-stop with constant updates and continual progress to inform the market. Unfortunately, that requires a lot of capital and lots of drilling programs. Once this occurs you will then see less complaining and impatience from holders here, and more will be likely to jump in and invest knowing important news ahead is not far away.

I also believe there will be some big announcements regarding Dimer in the coming months. This is a big cash flow source that does not require too much work to get going due to the existing pit and knowledge of the existing mine. If we could enter an agreement with an existing producer or an agreement to use their washplant I think we can get some gold out in the short-medium term, especially from sources close to surface. If this is the case then cash to advance other projects really won't be a problem.

Overall we are significantly oversold, once the gold price stabilises again around 1900-2000 we should get more interest. More news from management and faster timelines will also add to confidence in the company.

Big buy from me at these levels imo.