Ann: $25 million Institutional Placement, page-109

Well I don’t believe anyone has the answers because dependent on further drilling it’s difficult for anyone to know the final pit designs … hence why SL maybe doing more drilling for longer rather than jumping straight into a restart with a poor plan … I have read all the knockers/experts this week of his strategy but clearly he knows more than anyone and given his record to date I am happy to continue to back his decisions.

As an investor it may be smart not to think you know more and if you think you do it might be time to sell.

@plough … Dozer push is a very cost effective method of material movement but predominantly downhill into a void … coal industry utilises this method but SPR don’t a have void nor anywhere to push to. It’s not an option Imo.

The Gilbeys N-S ore body is steep hence the cutback being needed on the E and Western sides …. A flatter ore body would allow for cutback on one side. However the Westwinds and Four Pillars cross the Gilbeys ore body so the mining is E-W so a total different mine plan or only partial original cutback maybe required.

Finally I have heard all this SL GEO, EGO stuff, ( funny same letters ) but I have always found him very personable on 3 occasions we have spoken face to face. I would trust a confident, no BS operator like SL with my money more than a lot of other “salesman-like” presenters I listened to at RRS. I also listened to Stralo from BGL, and one thing that is obvious is that ex NST BB trained execs are top class.