Ann: Orocobre Limited - Naraha Lithium Hydroxide Plant Approved, page-24

Further comments from Jim Lowry who does not like ORE at all.

Orocobre - I have been much less critical of ORE the past couple of years. They are producing but continue to have both volume and quality issues which I don’t need to keep talking about. What is noteworthy is their new hydroxide project in Japan seems to be making the same type of project execution related mistakes they did in Jujuy. I will write more about this as time goes by but a fundamental question to ask is – if one of the top hydroxide producers (Livent) struggled to use ORE primary grade as feedstock for battery quality hydroxide, how is ORE/TTC going to use the product with a process that hasn’t even been properly piloted? ORE's recent earnings update makes it clear how producers of lower quality product fare when there is not a significant shortage.