PRW proto resources & investments ltd

Hi Guys,I was able to get the following update from Andrew...

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    Hi Guys,



    I was able to get the following update from Andrew Mortimer regarding the German asset etc.


    Andrew explained that the German asset is very close to logistics and in Saxony Germany, and also there is zero mining royalty. Also, there are no annual payments in order to encourage mining. Andrew also mentioned that he wouldnt call this a small asset and that PRW are getting it at an extremely good price if they proceed with the purchase. He also said while he does have a bit on his plate, PRW do need to look to the future so that they can take their Barnes Hill knowledge base and capability and replicate it a second time.

    Andrew went on to say "It is my desire to grow the company very significantly from where we are now and as such we need to work on the pipeline of projects. Barnes Hill receives all of the time and money Proto can reasonably put towards it and it is essentially downhill from the Mining License grant and lodgment of the DPEMP. It is true that some companies try to distract attention away from their main asset with acquisitions if their main asset is not performing. However, that is certainly not the case here. We do have the ability to build Proto into a globally significant nickel company and Barnes Hill is the first necessary step in the process of becoming a globally significant nickel producer"

 
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