UK Presentation Notes 7th November, page-72

Hi DaLatta, funny we have never had to ask for your views in the past, perhaps we should introduce a new model, post by request, I will summonse those I require an opinion from and they can do my research for me. Only joking Mods, are we still allowed to joke?

So as we use a higher cut-off in our high grade ore body (as KOH advised me this morning) we get less total graphite, isn't that a mathematical certainty, after all the more you don't count the lower your total will be.

Also, can you advise what relevance the 10% cut-off has that you have selected, I believe some companies have an average of just over 5%, they wouldn't go too well if they did a cut-off at 10%, would they? Must admit I get confused with all these numbers and percentages, what was SYR cut-off that they used in their DFS. I had it in my head it was quite low.

Anyway, in the past I thought your concerns were over drill spacings and width of deposit or something, are you now happy with this and have moved on to another area?

Thx