Ann: Cleansing Statement-AGY.AX, page-14

Hi billyen,

The Salar del Rincon is a possibility for AGY but please keep in mind the entry price may be high: Sentient paid ~$25M and spent a wallop during the following years.

That Rincon is going nowhere is vox populi: last Wed Enirgi ‘announced’ the inversion of about US$300 millions in a Li carbonate plant in Rincon. In June 2015 there were $350M, and $720M in Sep 2015, all of them for the same 50,000 tonnes per year plant, announcements made by Enirgi’s Wayne Richardson.

By the way, AGY/Alurralrlde holding are 75 Ha, not acres (2.2 acres to the Ha?)

As you rightly pointed out, one must ponder why Callum Grant left Rincon recently, but of equal significance is why Iaian Scarr left Enirgi after putting together Rincon’s latest feasibility study, to join Millennial Lithium Corp – see http://www.millenniallithium.com/corporate/technical-team/

There are a number of other possible plays in town: (i) The Salar de Pozuelos recently put for sale by the Administrators of their bankrupt owners but the competition for this one may be fierce, complicated and expensive; (ii) there are some properties still available near the Salar del Hombre Muerto both in the western side where FMC is working and near Galaxy’s Sal de Vida. (iii) Galaxy has shown little if any activity in Sal de Vida. Then, there are the little mentioned salares in Jujuy – Guayatayoc, Laguna Vilama, etc.

It sounds like the Chinese curse: interesting times ahead.

Cassandra, quod nemo credivit