AGM Thursday 25 November 2pm WST, page-7

My question would be this:

"Mark, There have been a lot of silicon-anode technologies marketed in the last year. Do you find any of them to be as compelling as Talnode Si? And a follow-up question, Do you have any opinion about silicon nanowires in graphite anode?"

I like Talnode si, and Mark mentioned last week that he thinks it will be a great product. However, the SINANODE (silicon nanowires anode + graphite) mentioned this year on "The Limiting Factor" seems like it has a good 5 year horizon, and is compatible with talga anode. I am curious to what extent talga sinanode could have the best price/performance ratio, or not.I think that permits, qualifications, JV, and expansions will more or less all sort themselves out. I am not worried about them. The biggest thing that we have all considered as an eventual achilles heel is if technology left graphite behind. In sinanode, the numbers mentioned seem to be aligned with graphite for the next 15 years at least. That is as futureproofed as anyone can hope to be imo.