Ann: Quarterly Activities Report - March 2015, page-23

I said before Plutonic looked like a mistake. Nothing in this quarterly convinces me that it isn't. Also cash and almost every other metric is going backwards. Debt at 31 march 2015 was $20 million. Cash, bullion and investments at hand at 31 March 2015 $111.7 million. Net at 31 March $91.7 million. Pegasus should help lift production going forward but exploration results apart from those explicitly reported for the EKJV at Kundana are left to the readers imagination. Did they even mention any specific drill intersections at any of their other sites. Possibly to many to mention to be fair. Then why mention any at all. This is a business which is relying largely on exploration to sustain resources/reserves and meet its production guidance, so shareholders should have a right to at least be told of some of the better drilling results that are being achieved via the exploration efforts.

Eshmun