Ann: Quarterly Activities and Cashflow Report, page-88

Interesting comment Stakx, on why things have things gone quiet. I don’t think the average person picks up on all the issues at hand and behind closed doors. Delving into thepolitical landscape there is a lot happening. A lot seem to be pointing at management/NF for the absence of material deals. I guess it’s a natural reaction when a sports team is not performing to expectation, people look atthe coach and who runs the ship. It is hoped new appointment(s) will take on amore exec role if production is going to be achieved. There are external factors too beyond management’s control IMO.

Apparently from what has come out the past 6 months in the news, US wants to increase itsinvolvement with Africa and wants to take on China’s growth in Africa.

Including how their government throws its weight behind projects. If I recall on BNBT there seemed to be quite a state backed influence. There have been increasingnumber of diplomatic visits between countries. My hope is that actions taken fordevelopment are altruistic, #1 for the good of the people.

USand China are nutting out big deals at the moment on trade and recent talk of enforcementoffices is interesting. Here’s a good example of some harmonic co-existence.Greenbushes the world’s most well known hard rock lithium Mine ownership structure Albermarle(US) 49% Tianqi(China) 51%.

Letssee what happens. Manono has massive potential which has been on uncovered the past 2 years. NF is working on the geology, showcasing the value. As a Geo that’swhat he does best. But market is looking for clear signs production value can be unlocked. True the company needs high level execs/engineers plus a green light on funding to take this to production. One things for sure in a better marketand the scale and quality this project is worth massive amounts. If design and engineeringis good on high quality feed 1.5%+, recovery rate % of the spodumene, and operating margin could be unbelievable. Transport and infrastructure need to be illuminated.

Sofor me its be patient and lets see what comes. This may not be for everyone.Sell or wait it out that’s your choice.

Thelocal appointments are vital for project progress IMO. Minimum I prefer is somefrugal spending by the company, even care and maintenance, till the path tocommercialisation is clear. Stay away from debt. Just don’t lose the asset. ThoseCRs for retail holders are really tough on the wallet. The important thing isto deliver in the end. Maximum well skies the limit, so much potential withthis asset.

Quotingthat George Harrison song. Its gonna take money,patience and time to do it right.

But it's gonna takemoney
A whole lot of spending money
It's gonna take plenty of money
To do it right, child

It's gonna take time
A whole lot of precious time
It's gonna take patience and time, um
To do it, to do it, to do it, to do it, to do it
To do it right, child