Ann: Jamieson Tank Manganese & HPMSM Project Update, page-47

Lets not forget these are the Performance rights for our COO.

The Performance Rights are being issued to the Chief Operating Officer as part of his employment agreement. The
Performance Rights are subject to the following Vesting Conditions:
Class A: 250,000 Class A Performance Rights will vest on the announcement by the Company of the successful
commissioning of the HiPurA¿ HPA Pilot Plant.
Class B: 250,000 Class B Performance Rights will vest on the day the share price of the Company (ASX:CMX) trades on
ASX at a volume weighted average price (VWAP) at or above $0.40 for 10 consecutive days.
Class C: 250,000 Class C Performance Rights will vest on the day the share price of the Company (ASX:CMX) trades on
ASX at a VWAP at or above $0.60 for 10 consecutive days.
Class D: 250,000 Class D Performance Rights will vest on the day the share price of the Company (ASX:CMX) trades on
ASX at a VWAP at or above $0.80 for 10 consecutive days.

Two of our competitors are ADN : 300million MC
and Altech Chemicals : 100 million MC.
Or MC : 8million - or around 16 million fully diluted after everything comes out of escrow next Jan.

We are not going to stay under a dollar in the next 12 months. Easy to have a price between 1 - 2 dollars, more than likely peaking around 2 dollars.