Ann: Quarterly Activities Report, page-34

Hi Worzel

I must admit I missed that yesterday in my haste to look at the production numbers and forecasts.

Yes, the fall over of the power deal on the hybrid station when they apparently had an arrangement with the Govt back in 2016 to supply cheap grid power and had built half the infrastructure is very perplexing.

The Company originally (back in 2013) said power was 1/3 of their processing costs and the grid would save them more than US$120-150/oz. That's over US$30M per annum. With the hybrid station now unlikely to happen, what's plan B or should I say C

That is certainly a question that needs to be asked of JW at the conference call?

Still have faith in their project but not necessarily their management.