Ann: Letter of Intent signed with Hebei Vanadium, page-81

Hi Dan,

I agree. i understand a lot of shareholders are tired of waiting for the DFS which is the key aspect for the SP. personally, even though it might take a bit longer to make changes, and the fact that they talked about sourcing the right equipment. it just a matter of time.

IMO, the SP will start to slowly creep up. with the latest announcement, it held well at 1.3c and doesn't look to be retracting.

the only thing i worry at the moment is, where are they going to get the money? loan form the government as we have a major project status. i think there be more SPP before we see returns.