Ann: Presentation - Resources Rising Stars Conference, page-45

I thought it seemed remarkable to see this share price fall below $4.00. Although I thought the same thing when it fell below $5.00. Especially given a recent Institutional CR at $6.00.

Today I couldn't resist and bought some at $3.46. Of course it then fell to $3.44 as I write.

I don't normally buy an emerging miner preDFS. I don't mind risk but prefer to limit it. Given the normal run of an emerging miners share price from discovery to production, it seems to work for me.

The current macro environment of lower GDP forecasts worldwide and rising interest rates, lends itself to equity selling. Especially undeveloped projects as they are seen to have their projects delayed and questioned.

No questions with the CHN resource except when, I reckon. Looks an opportune time to buy given the share price has fallen much further than I thought it would. It could still fall further but if it does I will buy more.

I doubt the US Fed can go too far with interest rates. They want inflation. They are raising rates to keep the $US strong, IMHO. It is being challenged by the BRICS in its role as the world reserve currency. The financial sabre rattling continues. If the USA lose world reserve currency status it would be devastating for their economy. Still you look at the USA now and wonder what else could go wrong. That's it.

I'm betting that any bifurcation rival to the US$ will be backed by commodities. Also that the US Fed will halt their QT program sometime this year.