mou , page-7

Well done to shareholders.

This is another significant derisking event in PLV's development cycle and should see this firm way above 100cps in the near term. Accumulate on the volatility exhibited in the markets...the fundamentals have not changed [and even got better] for PLV.

Management should be congratulated once again for their efforts. It is no mean effort to negotiate with the Japanese...no less their trading houses. They obviously see what they like with PLV's products and resource base.

Well done.