Review of ASX typical laterite and sulphide cobalt player's SS and PFS, page-152

Hi Prawn man, re: points your post above

1. Agree

2. I think the US is largely irrelevant in the really big battery materials and ev issues. IMO "Trump's trade wars"
are largely PR for anti-Trump propaganda in the U.S.. Neither Trump policies nor anything else will affect the electrification of China, or the world-wide adoption of grid storage in stupefyingly large amounts.

3. Sorry if my post on China "moving in" was interpreted as having a specific reference to ARL, it does not.
But I have seen public acknowledgement of large blocs of Chinese capital moving into DRC, and we have seen
a lot of increasing Chinese influence with Robert Friedland. I have nothing specific in this regard concerning ARL.
We have seen a lot of Asian involvement in Aussie cobalt...LG & SKI & Easpring, for example.

4. Agree, traders, short-term investors, computer programming and large institutional money are playing a bigger role
even in companies with good long-term potential.

5. No comment

6. Agree

Best regards