Ann: Talga Investor Webinar Presentation, page-18

"As I mentioned above, all investments come with risk. For me, this risk is acceptable, because the upside is so enormous."

I want to elaborate on this, because I think a lot of people look at TLG and think "I'll just wait on the permits."

I believe that by 2030 TLG will do 100 bags from here (DYOR). If the permits, financing, and off-take all come together, TLG could easily do 4 bags in a day. If you wait until after TLG has 4x'd, 100 bags turns into 25 bags. 25 bags is still a great investment, but it's a lot less than 100 bags.

I'm willing to take on the risk of the Swedish Government delaying permits, because the reward is that much higher for getting in earlier. I think the Swedish government will want this project to get off the ground on time, and they appear to have indicated to MT that if the site review goes well, he can expect the permits in February.