Ann: Presentation - Red 5 and Silver Lake Resources to Merge, page-94

compare SLR exploration spend with SPR.

slr has lots of targets around deflector. Been there 8 years and still lots more to do - existing high grade greenstone belt. They choose to hoard cash rather than spend

SPR had what was believed a low grade greenstone belt, but rolled the dice and spent the $ - now has 1.6m oz at gilbys.

you need the right mindset to go after it , and would appear that has been lacking at SLR

what they did in Canada certainly hasn’t moved the dial for us