Been a patient investor for quite some time & am happy with the...

Been a patient investor for quite some time & am happy with the drill results/current strategy to date - it is hard to enthuse the market in this environment unless news is in the very significant category. We are only half through the drill program & I do personally believe the corridor still has many lenses/pods yet to be discovered. Those grades are good enough to mine underground & maybe with the strategy/magnetics, they can isolate more of these priority targets. ZQ173 results should be interesting when released but I am always on the positive side when looking forward (LOL).

I also believe the recent MOU provides SRZ nearby optionality for it to progress to the mining stage once further studies are completed. Firstly, the Avebury plant appears to have gone back into the hands of Hartree (Oaktree) after recent FIRB approval. There is still a question mark/concern on the future production of nickel from this area, especially from the metallurgical point of view & in an economic sense (the extraction of excessive arsenic content) - it has failed multiple times mainly due to the price of nickel & the high arsenic content level. I am not sure what Hartree are thinking but I do suspect they are pretty ruthless in their approach, want their money back, maybe recognise that the current nickel resource is "hard work" & if ever they gained partial control of SRZ due to an Avebury sale, existing shareholders would likely lose untapped potential value (hope this never happens & if the opportunity presents, we raise funds to own the plant outright - if that is the best option moving forward). From the negotiation viewpoint, SRZ have created another extremely sound option in the Comstock approach. Australian Hualong have run out of resources & appear to be a motivated seller. Maybe one can played off against the other if that is a strategy ??? Just my current thoughts for the moment !!!!