Ann: Mid-stream Demonstration Plant Update, page-43

I see the BMX platform being used less in the future. IMO, OEM's/Battery manufacturers will get desperate for raw material and lock in long term contracts at overs. PLS will eventually be a fully integrated Lithium Chems producer and a preferred secure supplier to OEM's or battery manufacturers. BMX will be for a small % of sales. As it stands now, at P680 and Posco JV at name plate, there will only be approx' 70kt available for spot. When P1000 comes on line, that may increase short term until our next downstream venture is operational. Obviously as contracts with existing customers expire, the ratio may change.