Ann: New High-Grade Zone Discovered at CV13 - 34.4m @ 2.90% Li2O, page-25

mate, well done on being a fool.

I know your company better than you - You need to be upset with management, i have called this nonsense since the MRE, and i have been right at every step.

It twinned Nova prior to MRE to raise grade.
It missed a 300m chunk in the middle of Cv5 to raise grade.
They opened to books to ALB after it committed to 109mt.

The met tests were poor for west end of Cv5. DMS was not achievable and the technical report reflects as much.

Phase 1 and 2 can not do DMS only, its DMS/Float .
Intercept results since ALB came onboard for cv13/9 west end cv5, wouldn't satisfy a DMS only plan before reaching phase 3.

PMT have moved to UG for Nova and combining feed with cv13 for example to achieve 5.8^% using DMS. (Nova achieves 6%) other wise to achieve a 6mpta DMS/Float plant would be circa 2.5billion and permitting nightmare.

Cv13 today was a joke, down dip, comments that its flat lying from a single intercept and 1 pending should never have made it through the ASX.It was a lead up to a CR, a directors special.

What happens now?

Management need to start getting real with shareholders, a cap raise is coming, ALB wont be taking anymore of PMT. It makes no sense and they were screwed first time over.

The UG Nova combined feed works in my eyes, it will be DMS only, but 800klt- 1mtpa Sc5.8% is a fairytale to improve the story as scale of economics would support ROI for a 2mpta, seriously go cost a 6mpta plant, staff, and ancillary infrastructure and logically explain how this is achieved.

The transportation story is a joke, they should be going south after producing concentrate and shaving off 800klm of trucking costs straight to rail. I am bemused that they have private documents stating as much but publicly fail to propose it, the main reason it gives credit to other companies in the region, Ie, LLI, BRW, Wr1 who all have intercepts that could be deposits.

Your management is the issue, not the deposit.