Ann: Drilling to Recommence at Redlings REE Project, page-23

Put that to aside and we stick to mqr - if you solely look at the projects and what they have and if they closed everything up tomorrow it would be easily 15 million plus. Min res has spent on WSP in the last two years alone 8 million dollars there. Min res paid 30 million for pnr lithium rights further away from mt Marion late last year. It is easily worth 10 million at the moment. Problem is we have too many projects and investors are worried about a cr in near term as cash should be around 2 million ATM. Need to see what the results are at redlings - if they are good according to other market caps we should see a decent re rate. A comparison to redlings project is victory mines rare earth project. Investors of Mqr should read into vtm ASX announcement on Tuesday. Surface results at low grade are currently valued at 35 million MC. Auger results indicate good results at redlings. Should be interesting