Ann: March Quarterly Activities Report, page-15

So are we all sure the EIA is in place for the additional brine pumping. There was some controversy that SQM/LAC did not have the EIA in place and that ORE was in the same boat?

Also based on the previous experience i think the 160 million estimate is low for the brine field, ponds and new plant. They will use most if not all of the contingency that is built into the budget.

Finally i spoke to all five major banks in Australia and no one is ready to lend money to Lithium projects. Their comments were that all financials were being based on high lithium prices and the projects will not be viable if the pricing moderates which is expected by all in 2019-2020. Can some one comment what happens to Orocobre if this happens.

I saw in a previous post that their all in sustaining cost was close to 7000 USD. If the long term price falls from 11000 to 8000 which is what SQM, FMC and ALB are using can Orocobre service their debt.

Thanks for the help