Ann: Placement - SPP - Commencement of Stage 2 works, page-108

Just some questions/observations and so forth...

$3m raised for stage 1, was to cost circa $2.5m
Can anyone tell me how much of the $3m was spent on stage 1?

I noticed concern of the very high magnesium/lithium mix at 8.6-16, this means a higher cost to extract/process, and was highlighted in Patterson's report, does anyone have a better understanding if there is a scientific process to extract the L from the M and what the extra costinhgs may be?

Has the lithium been tested on the ground, does AGY have any testing reports I can be referred to?

12.5m options expire June 13, 2017 at 9c, could be another $1m+ windfall for the company, anyone think options will convert? Who's holding them, mangement? holders? Other?

Pattersons have the going rate at US$9000-$10,000T , does anyone think that is optimistic?
It seems with other players coming into play, and prices now at more like $6000 - $7000, that Lithium prices will stagnate in a couple of years time with higher supply?

What are the expected costs to get to the 1500Tpa in stage 3?
Wonder how much will have to be given to any JV partner for the investment?
Any guess on the ongoing cost per t or too early to call?

Anyway, happy for any responses, not trying to shake the boat, just trying to get a better feel for this one as it passed my radar.