Ann: Appendix 5B - December 2017 Quarter, page-26

Sentiment changing , 0.25c , everything is looking like it’s going to be amazing any minute now
When the permit eventually gets processed for Cerro Reyes and they drill and if the intervals or grades are below average then curtains will start to close on the ICG show . Money is limited so options are limited . Why would BHP touch them unless there’s a clearly defined economic resource, it’s way too early for that
The callancoocha Riqueza drilling prospects are exactly the same , nothing will move the SP north until the drill hits something overly significant. The momentum of the last drill campaign increased the SP but i can’t see interest returning here until there’s some clear assays that show an economic resource, I’d say things are more dire than optimistic currently, hopefully I’m wrong!