CATL’s IPO and reference to Manono, page-158

Hi Mactrix, I've received your email, the document is a scanned ,french written document, scanned quite a few times by the looks; its quite blotchy, but i'll endeavour to move through it.

Anyway, just on your road building figures. 1000 people putting in 1km of road per day is a fairly bizarre. you'd never have that number of people working on a stretch of road, roadworks is comprised of around 80% of workers in equipement.

Crew size are material supply dependent. They use the method of ground improvement lime stabilisation mixed into the subgrade in DRC, this basically cuts down the amount of base/subbase material required to be placed; The aggregate used in the roads in the DRC doesn't require all the tests and certifications as required in Australia for example, they certainly do not meet the same standards.

1000 workers on a road project....thats a crazy number to put in. Road base / subbase placing crew, pushing in the equivalent of 300m of aggregate per day would be at around 15 at most; road placement is basically done using equipement and its all about placing and compacting; you are making it out of be like a prison rock-breaking chain-gang operation. You ain't going to get any more than 10-12 pieces of equipement on a 300m stretch as the area becomes just too congested . The clearing operation is a very fast operation, in Australia much of the clearing would be required to be reigned back but due to environmental issues, but in the DRC this crew could move ahead by a number of km.

Highly skilled workers....emmm, not to sure about that; these guys are skilled at driving machinery, but its not that hard to get labour in the DRC and its not that difficult to train someone up to be even an intermediate level machine operator, which is all that would be required on these roads and its not like these workers run down the road for better wages or better conditions. A decent percentage of the machine operators on Australian road projects are actually sourced through labour hire companies...you get some very good ones and some lower than average.

Labour would probably be an issue if you were trying to take in 1000 machine operators.

Might be issues if you had to source material and construct to say 'Australian standards'...

anyway have to shoot; things to do...oh yes; you still havent answered my question regarding these CATL tenements...the ones that do not even have permit; you are also basically saying that these roads wont go in...but yet you are saying that CATL is moving on sites which are even more isolated than Manono;.....i find this a bit odd