Ann: Further Intersections of High Grade Lithium at Pilgangoora, page-14

Hi PF
Not sure if they are punch drunk or just plain spoilt with an endless flow of good drilling results. Dare I say it I think we have all become addicted to a 3 weekly announcement that gets our heartbeat rising albeit the effect for many doesn't seem to last beyond a week or so at most. Some of the posts in the last few days have been very big on opinions but I agree that some criticisms are justified. In particular the date of when the permits will be granted. I really ignore those comments because they do not have much control over them and it is a pity they make them in the first place as it detracts from there overall excellent achievements in 2015.

It is nearly the end of the year and is a good time to just stop and reflect on how far we have come in the last 12 months in terms of:
1. Resource size (and possible resource size >100m Tons),
2. Actual share price,
3. Market Value in excess of $200m
4. We have ample cash at bank - how many exploration companies can say that
5. A new CEO with great credentials coming on board after Xmas
6. A probable very strong PFS and upgrade in JORC estimate due in 8 weeks.
7. A DFS due in 7 months
8. Probable takeover offers to consider in July to September 2016

Chrs W2