Boda results due, page-19

Hey guys ...... everyone has their own investment strategy and is entitled to that.

The reality is that you can not compare AQX with ALK or even MAG. The only similarity the three have is that they have ground in the same neighbourhood.

ALK - have made their discovery and an impressive one at that. Higher degree of derisked status

MAG - Extensive drilling completed prior to MAG picking up the ground. Some good results at Lady Ilse suggesting a potential significant copper gold porphyry system. Hasn't achieved the discovery hole yet but very promising. As a result MAG is undergoing a significant re-rate which I think is warranted as the market becomes aware of their Pre-discovery status.

AQX - Only in their very early stages of beginning to drill. They have found anything yet but we need to put it in perspective as only a few holes have been drilled that we have assay results for so far. They are still waiting on approvals to drill what they consider to be some of the most exciting targets they have generated to date. I actually think AQX are fairly reasonably priced at the moment considering where they are at.

Each of the three companies are at completely different stages of exploration in the Lachlan Fold Belt. Therefore comparing them is silly in my opinion. I hold both MAG and AQX and am comfortable with where both are at.