Ann: Arrowsmith North Updated BFS, page-32

Big call for you to imply we would be in production by now. Please show me one mining company in W.A. that submitted to the EPA at the same time as VRX that are now in production. Or past stage 4 if you would. (Your comments are based on your FOI) papers. Have you done a comparison with any other company to see how many times it goes back and forth?

This update is conservative in my opinion, as most, silica sand products are increasing by 10% pa.

As I sit in a place sinking into the river (Vietnam) from illegal sand mining, (drinking coffee which is good). Over here things are changing very quickly in regards to punishing illegal miners. Sand is becoming a valuable resource.