Ann: Flash Joule Heating technology option exercised, page-3

Agree amigo. The company will need a new cap raising but after that, the company should be able to move to a pilot plant to test scaling up the production and economics. Importantly, because the process will be dealing with readily available waste products, the company will be able to short cut many traditional mining-related preparation processes - infill drilling, JORC, scoping study, negotiation with landowners, community consults, etc , etc. Those traditional mining preparations take between 5 and 15 years. So IMO, success for MTM (and us shareholders) mainly depends on whether it is possible to economically scale up the technology. We'll need some luck, but that's all part of the risk we take.