Documents are with SQM for potential execution. Everything needs...

Documents are with SQM for potential execution. Everything needs final sign off at corporate headquarters with large companies so that has added to the time delay. We should know arrangement of deal outcome very soon but as mentioned earlier I would be surprised if this falls through at the last hour - it is a good deal for SQM imo, fair for us (However, I have been wrong many times before). With the short due diligence period it shows you that SQM are confident with what is there on the ground and the confirmation of spodumene.

I’ve invested in many early stage lithium companies (pre-discovery and I am comfortable and confident what is there too), Mike would have known as well hence they picked up the project. The team may not specialise in lithium but they are shrewd enough to know what is there. Spare a thought to the vendors who sold it to us for cheap and we are going to possibly make millions off it by essentially on selling the project but still retaining upside with gold and antimony (smart from Mike and very low risk from a dilution perspective, drilling is essentially being paid for by SQM as opposed to dilution from shareholders). With that said, you need a willing seller and buyer to facilitate a deal transaction and therefore at the end of the day that is business and investments and happens a lot in life, you need to be patient and knowledgeable regarding what you are buying and whether there is upside (Mike knows this and hence why I rate his management skills especially around capital allocation and seizing opportunities for the betterment of shareholders). Cheers, CP