Ann: Half Year Report - 31 December 2020, page-58

I don’t want the hard earned cash at Thalanga being funnelled to an asset like Hillgrove that historically has never been viable.

LOL really.?.suddenly everyone doesn't like Hillgrove based on a mine that went under because it was run as an ANTIMONY mine with GOLD largely ignored and ran up against a collapse in ANTIMONY prices plus poor management. We go in with the plant and start up costs already paid for no debt, cash in hand and very experienced management who are not in the habit of throwing money at anything without very good reason.

Historically Hillgrove has been very viable when they were mining for GOLD not ANTIMONY which is exactly what is being done again at METZ. Bakers Creek which has no ANTIMONY will be funding the METZ start up not Thalanga, it just provided the initial opportunity.

It just so happens ANTIMONY is heading back up in price so may well prove to be a very good credit...

cheers Whisky