Re KDR Chart, page-1452

Yep it wasn't reassuring to see the Board struggle to answer some simple governance questions. Since then the Board has been significantly strengthened and I'm happy to see such. KDR has now entered the world of the big boys and without a strong Board and excellent management the risk was really strong that the company would have been mince meat going forward.

Anyway, who can predict SP movements accurately? Nobody and if somebody states so then be very wary about them. However, value can be foreseen in many cases and regardless whether the present M/C is under or over value right this moment it will be much higher come 2021....... for sure IMHO and all things being fair and reasonable, in due course, and the fullness of time blah blah.

It looks clear now that Mt Holland contains a Tier 1 resource. The Maiden Mineral Resource Estimate is only for a small part of the vast array of pegmatite deposition across Mt Holland. We can see that from past announcements and supporting JORC statements. So the answer to your question about resource update expectations cannot be answered precisely yet, but it is reasonable to suggest it will be much larger than the Maiden estimate. 20% would be a very conservative guess to the point of being way short of what the update will present. That guess is based on the previously announced drilling results in Nov and Dec 2017 such as:

 Mineralisation continues to the north with further exploration drilling underway which will be integrated into the 2018 Mineral Resource Estimation. The known extent of the Earl Grey Pegmatite has now been delineated contiguously over 2km and remains open, which is a significant increase from December 2016 which defined up to 1.4km.

 Reconnaissance exploration drilling at the Bounty Pegmatite, approximately 3km from the Earl Grey Lithium Mineral Resource and adjacent to the proposed location of the Mt Holland Lithium Concentrator, has given an indication of strong first pass results. These include coarse grained spodumene being observed through multiple pegmatite intercepts. The assay results are still to be received, however the mineralogy is very encouraging for delineation of another deposit in the Mt Holland Project area.

 A total of 95 holes for approximately 24,000m have now been completed since the commencement of the second phase of Mineral Resource definition drilling in the September Quarter 2017. The highly successful 2017 drilling program continues on schedule and is aligned to the project timelines set out by KDR and SQM in August 2017. Drilling and therefore assays are expected to continue through into the March quarter 2018.

Cheers