General discussion, page-12

haha Walshy you taken your angry pills last night love it.

let’s be honest Paul’s timelines are best case scenario. I think we can all agree if we can produce lithium carbonate by any time in 2025 that would be an amazing effort. One very large advantage pan Asia has as somewhat of a late comer is the ability to raise money in a lithium accepting market and without too many SOI so a relatively decent share price when compared to core and Pilbara who for years sat dormant and raised at anywhere from 1 to 10 cents. Our most recent raise was done at 40 cents so at least 4 times less dilution for the same amount of money.

When we than complement this with operating In Thailand versus Perth or Darwin the money stretches even further. Pilbara with almost 3 billion soi is obviously the benchmark pinnacle lithium company at present and has just paid 11 cents a share dividend on 3 billion shares. Pam would probably only need to pay 30 to 40 million back to shareholders to generate a 11 cent dividend.

exciting times