Ann: Olaroz expansion study results, page-8

Here is more of the BS...............

b) Capital expenditure for the additional 17,500 tpa lithium carbonate is circa $190 million and is expected to be financed through a combination of 'project finance' and Stage 1 operating cashflows. (remember folks....they announced recently that there would be no need for any financing for the expansion...it would be paid from current production profits). Now we have this 'little' zinger about 'project financing'.....seems to be contradictory to prior statements.