Possibilities: Positive and Negative, page-23

FLASHBACK FRIDAY

On 15/5/17, HAV released North Portia Copper-Cobalt-Gold Resource Upgrade.

At current prices, the In Situ Value of these resources is ~ $1.6 Billion.

On 16/1/19, Bob Johnson released ‘a paper about unrecovered gold in the Portia tailings storage facility’.

At current prices, the In Situ Value of these gold tailings is estimated at ~ $39 Million.

In its FY18 Financial Statements, HAV disclosed in Note16. Property, Plant and Equipment that $6.6Million (net) was ‘eliminated on disposal of a subsidiary'.

On 12/7/18, HAV advised that 'First payment of $1 million received' re North Portia [and Portia] Divestment. There have been no payments since.

HAV staff have continued to spend time and HAV shareholders' funds doing work for CMC/ Radford. Seven months later, the tab is still running.

DYOR