Ann: Investor Presentation - First SOP Production and Update, page-66

Expand while experts are on site, with a scheduled start next June and finish in November?

Do we take it management wants these ‘experts’ on-site for another year to trouble shoot/train operations? Hence the timing, and extra cash? Otherwise there’s some large gaps in the schedule.

Could have bought at $0.21 a day after production started, imagine that! Let’s see how it’s looking at nameplate.

It’s been a nice week, and this announcement is mainly cut and pasted from those earlier. I don’t really understand the negativity today, there was nothing new. However, where is the approval from senior lenders? It is late. I’m now eager for the management to continue their plan as they are putting runs on the board IMO.

• One carrot for expansion
• Two carrots for magnesium

BAW