Ann: Transition to 24-hour Inland Strands Ore Processing, page-7

Hi Harris

BSE, STA, ILU. I look into all of the mineral sands projects to see what is happening with the market.

It is also helpful with working out their PE ratio and their EBITDA's to determine MRC's future SP.

Everyone knows the massive handbrake we have on the current SP, it will come to a point when this is no longer an issue an MRC can return to its true value. Today announcement is another step forward in the right direction to return the company to profitability, The PFS forecasts (above) indicate the revenues/ebitda will be significantly higher than any other year in MRC history.