Ann: Quarterly Activities and Cashflow Report, page-2

Nothing new for us, holding our cash balance though so leaves out a cap raise for the time being. A pity West Arunta was put back to August but something to look forward to. All hoping OTH proves early success, that will finally get us started! A lot of lithium money out there that will want to swap over to follow the money trail. Patiently waiting..

Arsenic - yes I would think low 7’s will be used without any substantial change occurring within the next 4-6 months. Bounce off the 6 and watching LME w/stocks declining rather rapidly one would think it will be back around there by year’s out. News on the LME listing the split will be interesting. (On a side note, did you see Ibeara with Dr Jon news of late?)