Dear Rod

We note that you have deigned to answer the previous 8 key questions we posed to you per HERE. Given the stock price decline since then we respectfully suggest that you DO address these Q’s:

1.  We saw your interview on Proactive this week and it became apparent that the offtake agreement discussions that has been dangled in front of shareholders for nearly 18 months are not progressing as you suspected – can you elaborate further on the reasons for this as in our opinion it it the hope of these offtake agreements that keeps your market cap dramatically elevated at circa £100m.

2. You stated in the interview that you have adequate cash for 2019 but this only accounted for corporate head office costs costs and not infrastructure spend at Dundas. Given the circa “tens of millions of pounds” estimate from your own broker required here, can we infer that you do not intend to progress at Dundas next year from a build out basis?

3. Given (1) & (2) above – is it fair to assume that any meaningful cash flows from the Dundas project to the company remain numerous years out, particularly given the length of time it may take to obtain the Exploitation licence?

• BlueJay Mining