General discussion, page-207

1. AR3 will always make the assumption the project will get off the ground otherwise their is no point of their existence.

2. Going by your statement - You are aware every single stock on the ASX performs credit raises - With what 10% if that going to production? - 90% of those insto's know more than everyone else then as well?

3. Management buying shares is always a great show of confidence. At no point does it correlate that AR3 will get the all clear to mine. It just means in his own opinion he obviously thinks it is the case.

4. Yes all Aus clay REE's are a punt. 1 or 2 may make it, the rest will fail.

5. Worthless is your words and I will take note and change my sentiment to hold. My sentiment was setup before I done some deeper digging of the company doing my DD and took note exactly where the project is. I personally know the area and the location is of a great concern.