negotiations, page-6

It takes vision to turn a board around, and see the jewel in black dirt.

Mr Muzzin has shown vision in 2009 when he wresled Uley from the jaws of an underperforming suitor. The suitor, Mikkira graphite was about to walk off with 75% of Uley for the princely sum of (from memory) $250,000.

http://www.asx.com.au/asxpdf/20090121/pdf/31fndvm9xt8h2n.pdf

Discerning stockers will know by now that Uley is not 10, 20, mt. It is 387mts.

Our amazing good luck is not just the quality, location, 100% ownership of the deposit. In my view our good luck is that it is there at surface, high concentration and not measured inferredor contained. It is overlooked by all except the americans.

Americans were clients of Uley many moons ago. This is alluded to in rechner's passing papers.

So yes, wake up Australia. We have a jewel in Uley. What will it take to add value to it ourselves?

WATER.

Water. Will take Our flakes from existing plant capability of 97% purity to 100%. if we could find water, we would lift our retuns per ton from
~$1500.00 a ton to $10,000 .





The Uley deposit is 387m tons.