Ann: AGM Presentation 2023, page-30

Can't be arsed editing it, but here it is...

Vysarn (ASX: VYS) Matthew Kidman: Yeah, I'm going to go back to the really small end, and a little company called Vysarn. It's a drilling company that operates in the mining industry. None of that is interesting. But the drilling that they do, and they've got very unique types of drills, is to regulate water flow in the Pilbara. So the big iron ore miners, they are drilling into an aquifer, and they've got to regulate water, and they got to pump water out and pump it back in. These guys are the number one players in that. That's growing quite strongly.Park that aside. So, the valuation supports that. A bit more steady than most drillers. What they've got coming up potentially is water rights. So they might be able to secure the water rights for excess water that comes out of the Pilbara. And where do they want that? They want it up around the Pilbara, Port Hedland and so on. There are new industries that are dying out for a regular supply of water. Now, if they can do that with virtually no capital, that's a project that could easily, if they get it right over the next four or five years, maybe four or five times the share price. Let's see. It's a new asset, but it's definitely got blue sky attached to it.