Ann: Response to ASX Aware Letter, page-9

I don't know for sure and people are going to get pretty angry with me but from what I'm experiencing in major mine development, SolGold has done a reasonable job in keeping control of the mine for the quality of mine it is.

Here's three I'm in I'm comparing it to:

1. HAV's Kalkaroo had a deal had it broken due to BHP corporate action.
2. RXM's Hillside (taken over).
3. XAM's Khmargtai (which has a very recent PFS & corporate actions due).

On all three, none of which are as high quality as Alpla there's been plenty of pushing and shoving plus time taken to try and bleed smaller and weaker holders out.

Now DGR may not be the best vehicle for accessing it and SOLG's SP is showing the effects of the blowtorch being applied but management still have control and now in a couple of years. There will be a decline and DFS plus proper Tailings facility design, water and government revenue agreement. Somebody is going to pay somewhere near a fair price. Not least because of the gold aspect.

If I said I was happy, you would say Stone Him, and fair enough but I'm prepared to be patient.

All IMVHO