Ann: Financing Arrangements Update - Mt Carbine Quarry & MLs, page-9

This is a standard SEI announcement always saying we are closer but never any real results,just stringing out shareholders patience.What about the 25 Lithium concessions in Chile that are eating away share holders funds and will need millions spent on them in a down Lithium Market.The 2 Gold Leases in different parts of NSW are wasting money.Not a mention that the Tungsten price has crashed, so the low grade tailings will run at a loss at this time.There are so many unknown details on Contracts with the Quarry owner and any new deal going ahead with Cronimet that make it impossible for an investor to make an reasonable assessment before investing. The only fact is if the Quarry is bought even for a terrible deal, management will receive all there bonus shares.There is no incentive for the Quarry owner to spend any money on maintaining his equipment.When I spoke with Jim the previous CEO, he have huge concerns about the quarry owner keeping his environmental obligations up to date.This was one of the issues with buying the quarry,with this huge delay if I was the quarry owner I would not spend any money I didn't have to leave it all up to the new owners. CHEERS