Ann: High Grade Drill Results from the Central Graphite Zone, page-73

That’s correct. We should have some more definitive answers on those questions soon. You are also correct on the popularity of those posters. Since the only truth is that we don’t have the answer to that question yet, it is frustrating that some like to present their opinion as fact. When really we are all in the same boat and all have the same info available. Any discussion around higher processing costs if that is what materialises, should include a mention of the mining cost. Which for this resource, could be about a third of what you might normally see, given it’s located at the surface. So with that in mind, from a risk reward perspective it comes down to what it will take to get it to battery grade. Right now the MC of this stock is tiny. The risk comes in the form of the met lab results, and the reward will be what the market does to the share price if and when the best case scenario materialises - which would have to be a rerate representative of the fact that they have the monster resource size, the unmatched grades, and the final puzzle piece of being battery grade. To see what that might look like have a look at some other valuations of the bigger players in this space. It is an exciting prospect indeed.