PEA Sensitivity Analysis - Medium Scenario, page-34

Mick, they are a passionate bunch over at AGY and I have to admit their management seems to be a little more dynamic then ours. I feel our Board and management could do more to promote the outstanding potential of Maricunga. A lot of other lithium hopefuls have had a good first week for the year so far. All except LPI. We are bobbing along, no news, no nothing.

FOR EXAMPLE, another lithium hopeful rose 15% today - it has a prospect in Europe of all places. It anticipates a resource which will be around one tenth the size of LPI's current resource and predicts that it could produce around 40% of LPI's annual production base case. It has not completed a PEA and is way behind LPI in the resource development cycle, YET it has the same market cap as LPI. Go figure. Our guys need to get off their butts and sell this damn thing better. We are being left behind. Our guys are way too relaxed and comfortable.