Ann: OFFTAKE MOU WITH LEADING CHINESE VANADIUM NITROGEN PRODUCER, page-82

I still don't get how these prices are sustainable long term unless there's stockpiles currently being drawn down that were built up from last year, but they can't last long. annual Demand would be close to 120Mtv by 2022 when we come online according to Morgan Stanley who were dead right on the lithium forecast, so if we reference back to the the cost curve chart again then anymore then 90Mtv demand the >$10 pound cost producers have to come online to meet demand..

think Im reading it right correct me if I'm wrong