Ann: Shenghe Investment and Funding Term Sheet, page-50

Best post here today, been back of my mind how the fluorospare would be processed outside of the shenghe agreement, (assuming it is outside of the agreement as there isn't enough work done on this yet to quantify viability ) I assume it requires some separation and floatation processing, perhaps a lease/hire arrangement might be worked out in due course, the phosphate as a fertilizer doesn't my need processing plant outside of dig , store and weigh so could be separate operations outside of shenghe supplied operations . Bit if a puzzle that may need explanation once these other minerals have scoped to geological project viability. But certainly good to know how it's structured for future reference and valuations