Ann: December 2011 Quarterly Report , page-5

"It may be the way I am reading it or the mood that I am in"


Put it down as the mood your in, & the mood im in & im sure the mood 99% of holders are in when they look at the daily price performance of SIH, hard not to feel very drained for the past 6months or so, weve all put alot of effort in for no reward just a big loss, alot of the excitement of SIH has been killed due to the draining share price performance, many positives have been announcemend to date but we are left to beleive its impossible to move this higher, when fact is its probaly one of the most easiest stocks to move forward due to the extremily tight register.

Quarterly reads well, sambung target hitting silver is a boost to the resource potential "19.15m @ 1.92g/t Au and 36.82g/t Ag from 70.9m", management working closely with all surounding villages is good to see, DFS still a few months away but enough info there to assume we are heading for construction stage later this year.


What we need to see:

Is alot more communication with shareholders & the market, dont see the point of putting all the news in the quarterly that majority of people dont read, regular updates are needed throughout the qtr. $4.8mil spend coming this qtr so placement by april more then likely, we know we have the backing of summit & yaw in all placements but if its going to be done at a good price we need to see management promoting SIH heavily & have some research reports released with solid broker backing, our last research report was released nov 2010 & last promoting mid last year which is not good enough, especially when the share price is down 60% from its highs.

Gold is sitting nicely at $1700+ & imo heading higher which is only a positive for SIH as they look to finance the project & lock in part of future production, management have indicated we will be producing at below $600, so if we assume final DFS will be around $550oz producing cost we are looking at $1150 profit per oz at todays gold prices, a major selling point that the market pretty much doesnt take note of or is not aware of.

Not much more to say for now, Im still more then bullish on SIH but the lack of share price performance has gone on for to long now, we can only wait & see what management are going to do about it.