Ann: Corporate Presentation, page-44

Sure thing Legman,

http://www.lcke.com.au/News/boardroom-media-interview-whats-next-for-lck

"The company has to move to the next step and actually turn those assets, those valuable things we’ve done into a project. So a company of our size and a market cap sitting somewhere between $150 million and $200 million market cap, depending on our share price obviously, and we’re looking at a major commercial project in South Australia with a high capex it’s quite obvious that it’s going to be quite difficult for us to do it on our own. So as a result of that we have to work very closely with our partners. It’s well published who our partners are. We have China Communications Construction Company in China. We have Shanghai Electric. We have China New Energy, which is a subsidiary of Shanxi Meijing Group. We have some very powerful and some very cashed-up shareholders out of China and partners with China. Over the next few months we have to turn that into reality. And what I mean by that is we have to come up with a commercial deal with them where we either come forward with a joint venture with our partners with funding as well. Funding is possibly the most important part of that. Anyone can come up with a joint-venture agreement. Anyone can come up with a project or a commercial way forward. If funding isn’t in place, then it doesn’t happen. We’re lucky enough that our partners are substantial, have access to serious capital, are treated very seriously both in China and in Hong Kong, and we believe in the next few months we’ll be able to come up with a commercial arrangement that sees us convert the reserve we now have into a commercial project."