General discussion, page-23

You raise a fair point but is it too early for an off taker to be considering AR3? The resource needs more development with drill results and demonstration of the economics. The positives of the AR3 are clear. Fantastic mining jurisdiction and Ionic clay. But the resource isn't pulling out huge numbers yet and there's lots of unknowns. It is also some way until any actual mining will take place. Hence the low liquidity of the stock as people work out where this project is going. The SP should hold fairly steady as I believe it's held by long term holders and there's not a lot of shares on issue. I love that the board has heavily invested themselves in what they are doing, but I feel this is stock is a waiting/patience game for now.