The Dark Horse in the Lanthanide Stakes, page-57

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From 17th Jan 2018 webcast I listened to.



BELOW ARE SOME QUESTIONS, AND QUOTATIONS FROM GEORGE BAUK'S ANSWERS, FROM THE ABOVE WEBCAST.

Time from 46.58 Jim Asks, Key Risks From George's Perspective? GBauk answers
1 Wet season getting plant to site. Was, is not now.
2 Making sure we install on time.
3 Probably also Price I mean I can't give a definitive answer as where price is going to be but that's a risk of the project from July onwards as having a look as to where the price of dysprosium and terbium is going to be from July onwards.

Then from 55.11
Jim asks Expected Positive cash flow time? GBauk answers
At some stage during 2019 there WILL BE positive cash flow.

Also in the Preso 17.35 "Magnet manufactures believe that um they can afford $1500 dollar prices of electric vehicles before it becomes a real issue when it comes to pricing" "now the Dysprosium price in 2011 did hit 4000 US a kilo, um a couple of years ago it was 500 dollars a kilo, so it has seen much better prices than they are today"

All can be substantiated from the above webcast.

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