Ann: Corporate Presentation - February 2022, page-140

Hi @Sponge...fair comment, and that is why we need researchers (commentators), who understand the dynamics and differences and can reasonably in argument, be able to differentiate between what is an ASX approved Resource Junior Explorer/Researcher (pre-revenue) and a Mining/Chemical producer who is fully licenced on here.

It is also important to understand that there are phases of development for Mining Researchers who must go through the 3 stages
1. Pilot plant (prove up technology) stage.
A pilot plant is a 'pre-commercial production plant that employs new production technology and/or produces small volumes of these technology-based products, mainly for the purpose of learning about the new technology.

2. A manufacturing Trial (pre-production/demonstration) stage.
The final phase in the product development process is the factory trial in a production plant. Factory trials are carried out with externally based systems, that is, you carry out the trial in the same plant using the same equipment resources and ingredients that you want to use to produce the new product.

3. Production plant (produce revenues).
The production plant speaks for itself as it has contracts and produces a resource or product using the proven up technology which it sells and makes revenues off.

From my experience, this is an approximate 10-year journey.

I would not trust any company that can rush through a technology, under 9 - 10 years, without first having had it tested and peer-reviewed, and independently verified to ensure that all data and specs related to the technology and finished product, are consistent with lab data which should match performance outcomes in the field.

So here is the timeline and Joe and the team are perfectly on track for LTermers, IMO. 10 Years from Lab to chemical production plant opening. (If all remains on track)



SHORT & LONG TERM INVESTORS  -An observation
Investors should be careful that they understand the differences when reading posts. Separate comments that relate more to a daily action for D/T's - swing traders vs the journey for L/T holders.

I am always suspicious of posts that appear well written but are actually under-researched. Junior miners without full production licenses in Australia, for example, cannot make revenues until they are approved to dig dirt, which can only occur when all other licences are granted. On another point, well-researched posts can also be skewed if management changes horses during the race. That is not the researcher's fault if a company goes down but more often relates to a poorly managed company or a bad change in direction.

Cheers...