Support from the mine, page-50

We’ve said all of this. No. We were and are at a loss on the drilling contract - even if paid in full is was below market. We suspect that’s why they have gutted the QLD budget. They likely now know how tough it is to run an exploration effort cost effectively. It’s more valuable to Vitrinite if X64 makes a discovery in the Drummond Basin because we have 20m shares, most of which are escrowed to show our commitment. Drilling costs are a rounding error. Who cares? We walked away and gifted them to the company. Even now we still are carrying costs to make sure the company doesn’t fall behind. It’s in our best interest to see the company succeed, not bleed it of cash.

Furthermore, the relationship between Ranger and Vitrinite is public record, ad nauseum. Always has been. Was also in the Share Purchase Agreement and all disclosures when the acquisition was made, including the business plan for the two year plan to explore the Drummond tenements. You and your mates even made neat little diagrams. Doesn’t take Tintin to work it out. Call us - we’ll even double check the math with you.

Looking at your crusade for the truth makes one wonder why don’t you ask your illustrious chairman why the company is still barely valued at cash on hand after nearly 2-years of leadership? Oh, sorry it must be everyone else’s fault. Let’s keep shelling our heaps of valuable shareholder capital in hopes we can eventually get an updated investor presentation - nearly 6 months waiting for that.