Ann: Response to ASX Query, page-2

- Looks like the cut off point for break even is roughly half of what we thought @ 1.5-2g with the mill processing 40-50 tonnes per day

- $526,000 in sales were achieved in one quarter for NIU in 2016 on a mill that was only processing 13 tonnes per day. With our processing output now tripled/quadrupled to 40-50 tonnes per day and higher grade dirt only around the corner, one can now see the high potential for a monster quarter coming up