Compelling, page-3

Too many variables in the present time to reflect an accurate share price/company value.

Considering production is hoped for commencement at 1st half of 2021. What will the lithium price be then, what will the capital cost of construction be of the plant until then, has the directors remuneration been set until then, what impact will share price have on this remuneration, will this impact upon the companies ability to fund future activities. What will be the input consumables such as acids cost price be in the future when production starts?

Anyone who tells you they have an accurate way to value at this stage would be kidding themselves.

The big factors impacting share price going forward I see are:

p2 of PFS determining quality of Lithium and Boron p/t
Lithium Market
Whether or not environmental permit goes through
How long the construction of the plant takes
Any potential off takes/bids

While these IMO will cause the greatest fluctuation in working out potential value obviously there are other factors.