Ann: 2023 AGM CEO Presentation, page-7

I agree the dissolution of the JV was a great move and should add circa $2m a qtr our bottom line or thereabouts.

my thoughts previously were the Dec qtr would be average...not a disaster but average as we move towards new crusher, next phase of the ramp up getting sunergies for the lead in head count.

i would look to the march qtr and particularly the june qtr as major profit and cash flow deliverables...Mt Carbine hitting it strides was always proected to be making around $20m a qtr this coming calendar year from memory (Morgans research) and with Spain now part of the equation having a lower cost per mtu than Mt Carbine and output increasing do we see a qtrly profit in the next 12 months hitting $30-$40m? Keen to get thoughts from a few of you. Where are you scottm et al.

i look to Oaktree as invested at 9c...they are not looking for a hobby industry or a 30% return...they are looking at a long term macro driven industry and critical mineral requirement that will deliver them multiple times their 9c per share cost.

smarter men than me in the room