Ann: Pre-Feasibility Study Quantifies Exceptional Returns, page-7

While the PFS plan is highly practicable and responsible in the current world graphite market it’s muted approach probably doesn’t match the built in elevated expectations of investors for what is afterall a giant size graphite deposit.

While outsize projects proposed by other companies caused an initial jump in share price when announced they are never going to get off the ground while this measured approach has a good chance of success.

I think Sean and Waldemar with the initially minor backing of EBRD will as this project develops be taken quite seriously. While it is still a long road to DFS and on to production the sharemarket will eventually see the great value in this.