BML Chart, page-77

We've had Trolls since August 2018. Back then they didn't think our first drill program would succeed in any capacity... Five drill campaigns later we are still discovering more Ore.

The management team and the board have consistently outperformed. In the next 6 months, I'm confident that what they will deliver will be creative and strategic and delight shareholders on the upside.

Further to quote Jeff Currie - ' we are in the first innings of a supercycle' that he thinks will last a decade. So what does that mean for us? because we are going to be mining two years from now - I think it means that both Lead and Zinc are going to attract much more investor interest. In addition, realists know that inflation isn't transitory, it's going to be an ongoing issue for years to come. This is a gift for precious metals.

It's instructive to note with the Trolls that they are now almost exclusively focused on the share price. That isn't to say I wouldn't prefer the share price to be much higher - I would. The point I'm making is that the areas they are able to critique have shrunk considerably over time.

Best

V