Ann: Pegmatite Lithium Anomalism at Woodcutters, page-46

SS has noted that they are looking at divesting these projects in previous company announcements, which i agree on and hence I took a position here. He could in fact do the opposite but may not either, this will be known in time (I am giving management 12-18 months since first taking a position to achieve this, as deals take time). You need to have some faith in management that they will do the right thing by shareholders otherwise you shouldn't bother investing in the first place. The premise behind that statement is to capitalise on market fear, which happens at all parts of the market (exploration companies included). Just because it doesn't produce profits or revenue, doesn't mean it can't be appropriately valued (normally it is a % of NPV (working out future value discounted back today) at different components of the project, scoping study, pre-feasibility and definitive feasibility study. In my view not much has changed from when the company raised capital back in march (2.5 million at 2 cents), are we really worth 50% less in the space of a quarter... I don't think so, just my opinon. With our prospective land holdings (Earaheedy) and the potential to have an economic graphite deposit (if met work is favourable and we reach at least 40 Mt contained graphie at our grades 7-10%) then I think the risk vs reward here is very good. It only has a circa 8 million enterprise value at the moment which isn't much in my opinion for all we have here. Cheers, CP.