Ann: Investor Webinar, page-46

I thought he presented well, he was a lot more clinical and just workman like, knows his subject matter. The biggest issue for me was confirming the feasibility study will be reported this quarter, and he was absolute clear about it. Tells me there is no problem as some may have perceived CEO change was due to stuff up with FS. so not the case. What I also liked was clear direction on types of funding, construction finance seems likely and ore prepayment agreements which they will lock in before any more equity needs to be raised and this will be very minimal if at all. Comments on bauxite also a surprise so clearly that’s a lot more advanced. His answer to one of the questions gave a lot of detail here. I was also surprised by the depth of operations team, many of them contractors, but he pulled out some good names. There’s also clearly a healthy level of respect between him and the chair. Confident it will rerate under this guy and back end of the year post feasibility study, funding locked in and bulldozers on site Q3, so Aug/Sept we break ground. Exciting times