Ann: FYI & ALCOA SIGN BINDING JV TERM SHEET FOR FYI HPA PROJECT, page-558

Great to see Alcoa listing the HPA project in their presentation.

If there was a lot of doubt around this venture they could easily have left this off of the slide so that if it was a failure they don't need to answer to shareholders on it.

To me, it shows what a focus they have on it and if that is the case they must be very confident about the opportunity.

Early stages but certainly a vote of confidence, we just need to remain patient.

I keep going on about it but I still don't think what a positive it is that our SOI is so low and that we only have 2.25m oppies outstanding.
When this continues to get de-risked over time and the interest comes, the US OTC start etc institutions will have no choice but to buy on market.

We are virtually fully funded to production on demo scale commercial plant and 8k tpa plant with 13 cash at bank. So the only reason Roly would need to dilute shareholders further would be a small top-up to meet productions costs, or potentially for further growth opportunities outside of the two plants planned to be built so far.

You only have to compare our register to that of our competitors to see how low our SOI is.

IMO and GLTAH