Ann: Initial Assay Results For Manitouwadge Graphite Project, page-46

Mate I've never said this was an outstanding announcement. What i've said it this is in line with previous announcements and compares regionally but definitely not world class. My point has always been about economics - optimal one is to be the lowest cost making it world class, next is to be best in the region and finally if the above 2 fails is to simply be economic. Of course the doomsday scenario is uneconomic. The results so far negate the first 2 and we are hovering between the final 2 at this stage. Hence more drilling and info is required to increase confidence in this resource.