Ann: Quarterly Activities Report and Appendix 5B, page-54

Twin hills currently sits about about 750k oz…

I think if TH can get to 1m oz, or at least show the market its on its way to getting there, then really, TH is a stand alone operation… To get to 1m ounce, and assuming same grade, its probably going to require a hit 100-150m outside the known block model…. All we need to do is find an extension not far from the block model and trace up and down dip…any extensions should get us excited as the region is actually pretty well underexplored… (part of the reason why GBZ went after it) then you have yandan on top for cream to a bulk operation… it just adds further optionality…

Not forgetting, theres already declines giving access to high grade ore at TH…. Theres optionality there too…

Being commercially flexible is a nice string to have to your bow…

Things can change quickly in this game… its sad to see some leaving now when really the value creation is actually being worked on.

Each to their own but well done to those picking up today.

Boy.