Ann: Haul Road update, page-5

Thanks Shotts8.

Similarly I follow AUZ and am also a shareholder there.

To me it’s a smart move to withdraw from the responsibilities and costs associated with the ML for the haul road. Why spend money when GCR are not willing to come to the party both price wise for transhipping and regulatory wise. It may actual put pressure on them to get their ducks in order.

Irrespective of this the BOD are moving ahead with alternate options as it relates to Urquhart and have indicated no start up before the end of 2020… So we have a timeline in which the company needs to restrict its cash flow to survive.

At the same time they are moving forward with examining the options and other opportunities with silica sand, HMS, Gold, Graphite & elsewhere for Bauxite. All of which should have been moving forward two years ago in conjunction with the Urquhart Haul Road fiasco.

For anybody who has a short memory, if the merger with Melior had gone ahead, your shares would now be a tax deduction rather than part of a potentially exciting time for this company.

Lets enjoy the ride.