AGM 2016 - Impressions, page-5

Thanks J.

Yes you are right .

If I recall correctly, the comment about the Lakewood Mill and it being a private operation, meant that some of our smaller resources may become more viable as we would not have to enter an MLX type joint venture for the processing but could contract it out to places like Lakewood. This would provide more competition and options for the milling/processing allowing SAU to retain more of the profit. Lakewood was also geographically close to a number of SAU tenements.

I was a little confused about the 2nd mine and where it might be. Simon wasn't very specific about that, and I thought it may have been one of the smaller deposits, or in South Korea or possibly Cowarna which he seemed to indicate would be getting more attention in the future.

I was also quite impressed how even the staff showed a real sense of positivity about the company, and most, if not all, had shares.