Ann: Outstanding Wide High-Grade Intersection at Queen Hill, page-5

Frugality is the likely reason that a parent hole was not initiated after the failure. Assessing the cost when you are at 360m depth would be the main thought in my mind. I asked Gary (when he was on the board a few years ago) why Stellar was not a member of the International Tin Association (from the marketing/contact viewpoint's). His response was, they would rather save the 20k per annum at that stage. They are now members. My last contact sometime last year also reiterated that their focus was clearly on getting Heemskirk going rather than exploring the other prospective tenements. I would also suspect that Andrew Boyd has all the "bells & whistles" considering that he ran a part time consultancy??

I think the Queen Hill resource has the Oonah fault running through it (within the Oonah formation), the Severn resource is likely to be associated with the Astley's fault & the Montana resource is likely to be associated with the Montana fault (western side). A lot going in these area's but you might have to ask the question from Stellar. Hopefully we can snag another decent resource addition in our current drill campaign.

As for deep holes, I am pretty certain in the history of Heemskirk exploration, it has been only attempted once & the granite contact was made (unfortunately they did not hit the likely & anticipated "source" at roughly 1km depth). I also remember reading that our neighbours, MLX have also attempted it once?? They also seem to have had those same thoughts & it was mentioned several years ago in one of their reports. I think the current count is we are at about 200 drillholes at Heemskirk (most below 300m) & they have notched up about 6000 over 50 years (still having success). I also note that MLX can be limited in their information sharing at times. Their last presentation was about 5 years ago. At the end of the day, we are trying to get into production & their shareholders are happy working out how they can profit from their large bank balance - they have the aces !!. When you consider that Stellar is considering the old Commstock plant into their plans, it suggests that their focus is clearly on getting it to happen even with a value styled approach. Keen to see the outcome of Stellar's research in the next quarter.

I would suggest that you email the company with some of your questions - they have been generous with their time in the past & generally take a week or two to answer. You obviously know what you are talking about & suggest that this company is undervalued. A few investors are hanging their hat on it whilst the naysayers pop in from time to time looking for any failure/set back (of course with their "in depth" responses LOL).I hope you are on the money !!