Ann: CEO's letter to shareholders, page-6

I am confident that PIO has adequate deposits of pollucite to prove up whenever a buyer appears. With the current state of the crude oil market, I would not expect that to be soon, but things can change in a few short weeks as we have seen recently. The current low oil price is largely due to a spat between Saudi Arabia and Russia. Neither is in a position to continue the war for long so we could see a dramatic increase in oil drilling shortly and there will be a renewed emphasis on more efficient and economic drilling techniques. The medium term future looks pretty good.