Ann: Investor Presentation - East Coast Roadshow, page-27

The Paddy’s Lode strike length “potential” is very different to actual strike length. The media spin that you have referred to is indeed not a good look but who benefited from it on the “inside”? None of the big shareholders sold into the hype and Directors did not sell shares so I am unclear about whether it was a premeditated effort the pump the price so anyone could make a financial gain? I suspect it was a case of RR letting his ego get the better of him so he could make claims of how successful the company was since he assumed the CEO position.

Hawkes Point are anything but inside players. Their average buy price is above $0.30 and they have not sold a single share. So, in essence the are a truly independent of RXL company officers.

I actually agree with much of what you claim so I am on your team. However, I see value here. Assuming that the price of gold is going where the experts claim, assuming a revised MRE of circa 4m ounces, will RXL remain at a valuation of $20/ resource ounce or will that move above $50/ounce? My view is the latter is more likely than not.