Ann: Appointment of Chief Financial Officer, page-94

Ok, so to be clear, your view of the value/benefit of a CR “now” is contingent upon:

• whether ALB make another offer or not; and
• whether the SP will retreat in the absence of news - note there is no current “offer” from ALB and thus no expectation of any news to come on “continuing or withdrawing”;

but not contingent upon:

• income projections for impending DSO sales
• opportunities for prepayments/loans associated with additional spod offtakes due to now expanded output from stage 1 design;
• Fed Government grants and the like for critical mineral purposes; or
• low cost loans from existing offtake customers (perhaps to gain access to spod earlier).

Seems to me like you’ve not considered all possibilities here.

Note you also seem to have not covered impact on market projection of company value associated with expected news flow soon for drilling at Buldania. What do you think is likely to be the MC impact of that one starts to prove up to be equivalent to say other smaller players’ entire deposits? Don’t forget, it’s the one we first explored before shelving that exploration to first develop the resource at KV.