Ann: Update to Product Development Strategy, page-4

Frustrating as the SP action is. That interview with Jonathan gives me great optimism. I think its the correct approach to start off with a small operation at low cost in this low graphite price environment. Be first to market to establish a foothold and then grow from there. As much as i think we are sitting on a great resource i think the direction the board is going a bigger tick in my books. The spec mining world are majority lifestyle companies, I see the board here as the small percentage that have every intention of turning this into a mining operation. It's why we have a well experienced major shareholder and board member in Julian who has invested heavily in this company as he believes its potential too. Julian has backed companies like SYR who successfully became a graphite producer when he was a portfolio manager at regal funds.