Tin, page-6

Harro,

The first thing that jumps out is that it's a good resource, in fact it's probably a great resource. Friendly locale and close to market. They've got a PFS due at the end of the year, which they'll need a reserve for, so there should be plenty of drilling this year, but it will probably be a bit ho-hum as everyone knows that it's a large low grade system. They have appointed an enviro consultant for Czech so that seems to suggest that they want to start dewatering and drilling from underground which should speed things up a bit.

They claim production by 2018, which I'm not convinced about, mostly because they haven't selected a processing route. Even if they do select one in time, then they have to pilot it. Fortunately LIT have an agreement with ANSTO to pilot selected ores starting in June, so if they go with that process it should get them over the line. Anything else and we will have to wait and see.