Share price, page-8

LWP is sitting on approx. $21m cash and assets.

	Column 1	Column 2
0	Capital Raise	$ 6,000,000
1	Licence Fee	$ 1,000,000
2	JV Plant & Equip.	$ 9,000,000
3	Pilot Plant	$ 3,000,000
4	Aprox cash prior to raise	$ 2,000,000
5	Total	$ 21,000,000

$19 billion dollar proppant market of which high end proppants are about 10% say $2 billion

http://pacwestcp.com/wp-content/uploads/2013/10/PacWest-ProppantIQ-Overview-Oct-2013

http://www.marketsandmarkets.com/PressReleases/proppant.asp

LWP new tech proppants will cannibalise this market, so a 10% royalty, will be approx. $200 million p.a (Round Figures)

At 1.1c LWP Market Cap is only $43m. First of many JV's signed.

So the market is only attributing $22m to this inevitable outcome?

Significant buying opportunity!