Ann: Tanzanian Update on Nachu Graphite Project, page-115

Is your new (used) equipment sitting in an $80 a month storage unit over at Kennards? If so, I concede and you are right.

However, I know this not to be the case based on the February announcement, which stated that over the next 3-5 months the equipment was being packed and transported.

We are now 2 months removed from that announcement.

This process costs money.

We are within the 5 month (maximum) timeframe.

Magnis has not disclosed these costs. I’m willing to bet that by the time it is all said and done, it will be multiples of the $5 million you spent on the purchase. IMO, of course.

I know you truly believe deep down that you actually paid $5 million for $200 million in equipment. I know in your brain that is actually what happened.

Except it’s not.