Ann: REE mineralisation discovered next to Tin Zone at Mt Lindsay, page-71

Your Partial information on tin prices 10 years ago, while comparing to Today's price, makes your statement irrelevant.

Take into account that the AUD /USD 10 years ago was above parity.

Therefore, at todays tin price in USD, (18,650), converted to AUD, x 1.53, equals a value of AUD 28, 534.

A difference of approx 10,000 Australian dollars...in our favour, and likely to be very economic to produce.

Prices of Ammonium Paratungstate are also at current high prices similar to the highs over the last 10 years. In fact, it has doubled over the past year.

Our up coming PFS study should include a range of economics regarding metals and currency levels.

Magnetite is going to be a by product and should be examined according to the same possible ranges of esp IO magnetite prices.

In about 2 years time we will be closer to knowing the real economics of the proposed mining profitability.

We need to be constantly aware of the latest technologies of mining these concentrates....not as per 10 years ago, so as to be appropriately up to date in association with the prevailing metal demands, availabilities and prices.

We can await the PFS study to be better informed about our investment values, esp for many years ahead, AND with Critical metals in mind, ie Tungsten so far. Tin may be included eventually, but not as yet.