What's Going On, page-5

Hi Eternit,

Personally, I wouldn't like to suggest one way or another. Could be lower than current, could be significantly higher than the figure you have mentioned . FA now needs to convert into confirmed results and in turn; likely revenue streams firmed up.

Key market confidence drivers to see out the balance of 2016 will be pending drilling results confirming grading of Lemare resource, Euriowie ex licences being approved and therein commencement of exploration of the Li resource (I am very excited by the potential of these grounds and consider this tenement a nice ace up our sleeve) and our two most advanced JV's (LRS - awaiting Argentina grants to explore and EMH out of Cinovec, Europe's largest Li deposit grounds) taking further progressive steps.

All of the above is expected to transpire by years end - so we expect a flurry of news to see out the next 3 months. My expectations are that the likelihood of a higher MC and SP will be our reality as opposed to not.