Ann: Renard Project Update, page-70

Also with miss perception. PMT is valued in a flawed thematic. Big, bigger, best. However the biggest that is under a lake requires dams and low starter feed for 10-15 years etc .

What is the point of a giant pumpkin if you can’t peel it ? Or that you carry a large finance burden with crappy payback periods ?

yet think what a registry is again. A house of many rooms , moths attracted to the same flame. Only when they realise that their boat won’t paddle upstream are they going to learn that they all bought into the wrong metric . And market makers are in part to blame. The big moths that pushed the price on listing.

the real tangible metric must always come back to probability to mine and EPS that drive the higher mountain peak.

if you have a low capex , low finance and approvals hurdles you are better placed to deliver what really matters on A risked basis.

Our MC Cheaper to all credible peers , A11 Africa , WC8 Australia, LRS Brazil , PMT Canada. Yet have less jurisdiction risk, and lower capex / finance/ risk. Africa might be easier approvals than most , but carry other risks.

Australia has green / black / and communist risk .
Brazil has BRICs risk.
Africa has nationalist / spear in the back risk .

when the previous volatility upwards caused by such a small imbalance in supply demand. Any risk to supply could trigger lithium 3.0