Ann: Chairmans' Letter to Shareholders-WKT.AX, page-74

Just a recap on some info that our immediate neighbor has commented on.
From what I can gather now with the addition of our graphite being suitable for expandable graphite markets and possibly spherical battery grade.Expandable graphite should take the lions share of value proportional to our mass distribution where the smaller flake will be suitable for both markets of choice with improved return on basket price.Expandable or pending spherical graphite battery grade will likely become a difficult choice . It should be once again mentioned that our concentrate is in high demand and protected from the likely over supply of finer flakes suitable for refractory markets. Syr will likely dump 200,000 tonnes on to the market when in operation and saturate the market.We are insulated from this effect such is the quality of product and limited supply.

"It will be an exciting day to see the break down of assumed basket price with end users in place"

  
Mns $400 mill market cap right next door.

Walkabout resources have opted to organically grow in to known markets. This was decided on to limit risk and fast track to production with modular concept. Walkabout resource will only need to secure minimal funding compared to other expanded projects."Limit the risks" The key will be to get the first stage into production then expand accordingly .Yesterdays announcement confirmed the real possibility of organic growth and tremendous potential.

Croc