TOD – you should do your homeworkbetter as your statements are...

TOD – you should do your homeworkbetter as your statements are wide of the mark / incorrect.

Clark’s post of 1/10/20 under thethread: Grants Project NPV>1.5B – Stock Analysis, page 22 presents the realfacts surrounding Havilah’s iron ore.

1. Your derogatory “They only have a MOUwith a couple of Chinese guys” is not borne out by the website that Clarkcites, namely https://www.portplayford.com.This is an impressive website. Port Augusta Operations Port Playforddevelopment will be very positive for South Australia and provides Havilah witha key to exploiting its iron ore resources. Their team (https://www.portplayford.com/about-us/our-team)looks well experienced to me, and includes one ethnic Chinese gentleman (whom Iam told is an Australian citizen) who has been a major driving force behind thesuccessful exploitation of iron resources at Cairn Hill in South Australia’snorth. This is the group that Havilah has its MOU with.

2. The reason Havilah has not yetdrilled at Grants Basin is clearly explained in the last Quarterly ActivitiesReport as being due to COVID-19 related issues. The native title people have tocome from Broken Hill and so cross the border! Enough said! I don’t think Havilahcan say it more clearly than what they have already said re the drilling atGrants Basin: “To this end Havilah has designed a several thousand metreRC drilling program that is planned to proceed upon resumption of Native Titleheritage surveys that are required to clear the proposed drilling sites (atGrants Basin)”

You state that because Simec havemoved on (to where one might ask?) that Havilah “missed their opportunity todevelop Grants.” I suggest nothing could be further from the truth. Simec itseems from recent press statements from Mr Gupta himself, are cuttingexpenditures at Whyalla, except for his much delayed solar farm. Havilah hadthe wisdom to align itself with Port Augusta Operations who are forging aheadwith their development plans. There are a lot of opportunities out there foriron ore and fortunately Havilah remains unshackled to sell, JV or develop itshuge Grants Basin iron basin project in whatever way it sees to be in itsshareholder’s best interests. That would not have been the case had Havilahtied itself to Simec and its Whyalla operations, which continue to struggle.