Ann: Cyclone Metals and Vale execute Development Agreement, page-58

A word of advice is don't get caught up in the moment, don’t believe everything you read on sites like HC, and do your own research.

I’m sure most here were expecting a very green day yesterday, instead we went red at one point and ‘lucky’ to finish even.

So yeah, it was a very frustrating day, but no need to panic - there was a reason for the selling pressure. It was probably the underwriter of the last cap raise, or some holders crystallising good profits.

Now, I won’t say that if all the stars line up for CLE, it will do a SIR, FMG or DEG, but for those who made it big time on those stocks, there were many who sold out too early. The road is always bumpy and not too much is straightforward.

My own view of Iron Bear is that it’s the right resource at the right time. It is a tier 1 deposit with next to zero sovereign risk. It’s a resource too good for Vale to pass up, or allow another major to ‘steal’ it right under their nose!

There are many high grade, low impunity resources throughout the world, where the strip ratio is so high it renders them uneconomical to mine. Iron Bear, on the other hand, has a very, very low strip ratio.

IMO, the directors are doing a great job, they’ve managed to navigate a clear pathway to advance a great resource, and hopefully we’ll all do well out of this.