Drilling at Bitterwasser will require low cost drilling through...

Drilling at Bitterwasser will require low cost drilling through soft material to shallow depths of around 100 meters. Initial auger drilling into the lithium clay pans went to depths of around 10 meters, now established that lithium in clays may be found to depths of less than 30 meters. The brines continue to depths below 30 to100 meters. My sense is that an initial inferred resource could be generated from drilling for a cost of $1M - $2M and brine and clay pan assays for several hundred thousand dollars. Completed on a 6 month time line. At a pinch that would be a raise of around $2M. Current EV for Bitterwasser is nil, based on share price and EV for Swanson.