Ann: Noosa Mining Conference Presentation, page-24

Everyone loves trashing SYR over here. It seems to me that BSM have done no better than them. They are min 2 years behind on their schedule with countless CR's since then. More than double the shares on issue. And BSM are the successful ones? Throwing stones in glass houses comes to mind.

Call me a "negative nancy" and anything else you want...but I'm only pointing out facts. They have not really backed up anything they have said in announcements or presentations for the last 2/3 years. So why would they start all of sudden? I'll be happy to be proved wrong, but I see no evidence of it happening. A few fluffy lines in a presentation or announcement achieves nothing. Lets see how far away they are from profitability first.

"Graphite production is inherently difficult with the technical synergies quite a balancing act. It is a documented fact that graphite production is not as easy as it looks or sounds." - They only figured that out after 3 years of trial and error? If it was easy everyone would be doing it. Maybe thats why the DFS should have been done BEFORE they built the plant?