Ann: Company Update through Proactive Investors, page-29

Price is falling for vanadium however we need it to hover around the $10-15 pound mark to make vrfb viable. The 800mwh battery in China can’t find vanadium so start up date has been pushed back. We will be a profitable mine even at $8 a pound and historically I can’t see deals being done at +$15 pound offtake rates. Somewhere in between all of this is a deal waiting to happen that’s why we are here. Knockeres going to knock either to be nothing but mean spirited, brokers trying to manipulate market sentiment or people who have done cash here and are stuck. All understandable. I’m still here because one contract and finance and this will be a very profitable mine. Look at page 2 of next doors announcement yesterday the distance between their north and south block is massive. That is our strike range. Largo haven’t the supply like what we are sitting on. Actually very few have. And forward estimates a new vanadium mine is going to be required every year for at least the next 7 years to supply demand. Good luck, heck we need it.