Ann: Investor Presentation - Noosa Mining Conference, page-8

The sp movement today is akin to a fisherman giving some slack to his line to prevent the fish from breaking the line and swimming away. At the end of the day, this strategy allows the fisherman to attain his objective and catch the prized asset. No harm at all in this strategy. Maybe the traders don't want the sp to move in 0.5c increments and want to hold the sp below 10c for as long as they can. But make no mistake, this company has too much going for itself for this short term strategy to succeed. No one and I mean no one can stop a tsunami in full flight. The day traders & al will have to flee to higher grounds soon. Those who are fully across the company's announcements know that the inevitable march north will be unstoppable. Those who are looking to invest need to read the company's announcements and make up their minds.

We had a neutral PH so far but are we starting to see his true colours? Are talks about study regarding our concentrators designed to get the most out of DSO deals or as the great TB himself puts it, starting her up is our best option? As far as I am concerned, I always preferred starting her up instead of DSO. We will have to refurbish her anyway. So, why not do it from day 1? We have all we require to get a loan from a financial institution imho. Prepare the DFS and with np at reasonable levels and forecast to keep increasing, I am sure banks will want some exposure to ev in their portfolio.

In my mind, I am past FID. I am thinking of dividends and imho, these won't be far off. We are debt free and only need peanuts for the refurb and initial operational costs. And then FIREWORKS !!!!!!