Ann: 2016 Annual Report to Shareholders-WLF.AX, page-6

Paxmam My numbers were from the 2016 annual report the top 3 shareholders owned 90.35% at this stage.I myself are a believer in Tungsten and how the price for Tungsten will dramatically rise from now on.The small % of trad able shares is a great thing for WLF shareholders if they get their act together and the tungsten price rises very quickly. WLF's timing with the Tungsten price has been terrible,they jumped in when the Tungsten price was $450 MTU and heading downwards during there development.There are many Tungsten company's around the world that are positioning themselves for when Tungsten price reaches a price where mining can be profitable. Almonty being the biggest,it is all about timing WLF need a dramatic spike in the Tungsten price.If WLF went under the mine it would re open with a clean slate and new owners.I would be the first then to buy shares in this new company. Good luck WLF should go up today up overnight in England. CHEERS