Ann: Share Purchase Plan and Application Form, page-9

Graphite is what this is about and who knows with Reynold's Range. Seems like in every other breath Mike mentions that this will be a low cost source of graphite, don't forget that. If you can make something cheaper than most others, you have got a business that will make profit or at least more profit than the others. It is going to take a long time to get there, but you can use one hand to count any serious graphite prospects in Australia and world wide they are surprisingly thin on the ground, except China.

Still 3 weeks until offer closes, see what happens in the mean time.