Ann: FYI & Alcoa to Commence Extended HPA Pilot Plant Trial, page-34

Not holding atm but was thinking that the Pilot plant in WA could end up being beneficial even if in the worst case scenario of Alcoa pulling the plug came about however at that point the samples will have been tested by multiple potential customers and a base will have been established. At that point the pilot plant would most likely be of no interest to Alcoa and therefore in FYI ownership and with 25years worth of Kaolin and some revenue from small amounts of production there is still the possibility of Roly going it alone with 100% intact.