Ann: Renard Project Update, page-118

In late March, 2020, with the lithium price in the doldrums and Covid having just hit, CXO dropped to 1.3c. Ten months later it rose by 3,200% and then a year later up almost another 400% from that mark, so in two years it rose about 12,000%. That's just an example of how people can cave in to blind panic in particular sectors and the market generally. Now I'm not suggesting WR1 is going to jump to over $50/share in two years but I see no reason why it couldn't hit $4 within another two years if the lithium cycle turns for the better and WR1's plans come to fruition. What I'm trying to say is that it's all too easy to see only doom and gloom in down times and forget that commodity cycles do turn. I noted that someone sold 200,000 in the closing auction today. That reminded me of the panicked punter who sold 2.5M CXO shares for 1.4c on the 2020 day I mentioned. I actually ummed and ahhed about doubling my holding by buying those for $35.000. Unfortunately I let fear rob me of the best buy I may ever have made.