Ann: Application for quotation of securities - CPM, page-5

Thanks Bruce, for pointing that out. I had not had the time to unpack that information. Lowell are very much finger on the pulse & incredibly astute with their portfolio management - you only have to look as far as their performance over the years to see their consistently strong performance through a vast range of market cycles & global events that have a significant impact on the mineral resource sector. Lowell will swiftly jettison companies that have fundamentals that have turned sour, have topped out on price or have exhausted their exploration potential. Conversely, as in the case of CPM, they'll rapidly accumulate when it become apparent that significant potential is demonstrated.

Good luck to all holders, looks like we're in for a fantastic ride with this great company.