Ann: Becoming a substantial holder, page-25

The only thing LTR holders need is patience. The market does not understand the size and quality of this resource. The 20% increase from day one in mine put through is larger than some of the peer mines planned in its totality. Spod prices will remain 2-3 higher than the ones used in the DFS, this alone gives a NPV of $12b+ or 4 times our current SP. Once the $200m shortfall is sorted ( this included the capex for the 20% extension) most likely with DSO that will be announced very shortly. These shipments will commence in Q3 I believe as the mine is completed in Q4 before commissioning starts Q1 2024. Not long to go and bar some massive macro event, you better buckle up to see a quick run up to $3.50+ AIMO.