Letter from Fortune Minerals (one-post vacation break)I'll be back to vacation now, but this seems of immediate interest to the board here. -------- Dear John, Thank you for your interest in Fortune Minerals. The Saskatchewan Metals Processing Plant re-zoning is underway and we will update investors when the result of the application is known. Establishing the refinery in Saskatchewan is ideal as it allows us to capture the value added from processing the unique metal assemblage of our ores (cobalt, gold & bismuth) to the final products in a lower cost jurisdiction. This also positions Fortune as a rare vertically integrated cobalt producer that is independent of Congolese mine production and Chinese refining capacity. Future business opportunities at the refinery include the opportunity to conduct toll processing for other mines and to diversify into metals recycling. As such, it potentially captures cobalt production for strategic investor that they otherwise would need to buy from China in competition with the Chinese auto/battery industry. You have a misunderstanding of the cost of the refinery. In the 2014 Feasibility Study the capital required for the entire project was C$589 million. This was split between the refinery in Saskatchewan (C$242 million) and the mine in the NWT (C$347 million). We are currently working on a new Feasibility Study that is examining a higher throughput rate to target approximately 2000 tonnes of annual cobalt production along with the by-product gold and bismuth production, and the capital requirements noted above will be changing. The new Feasibility Study is anticipated to be completed in the second quarter of this year. Sincerely, Troy