General Meeting, page-4

I like the levels set for the KPI's and if Corey receives them its going to drag alot of us up with him, so hope he gets the lot.

Reading between the lines, Munni Munni is on the back burner for next couple of years so I see the ARV JV being extended and PGM will let ARV increase the value of that project.

As for Owendale and Skaergraad I see more urgency, and I see cashflow/jv's coming within next 18 months.

Breaking them down into projects...

Owendale Project 40%

Conclude financing as equity, debt, joint venture or combination of any or all. 10%
Conclude sufficient off-take arrangements to underpin financing. 10%
Commencement of construction 20%


Market Capitalisation
Achieving sustained growth in the Company share price as follows: 20%

The Company’s share price of at least 25 cents per share based on the 30 day VWAP commencing on 1
January 2019.
The Company’ s share price of at least 50 cents per share based on the 30 day VWAP commencing on 1
January 2020.

Other Assets Growth of business through acquisitions, new projects and other means. 20%

Realising value for Skaergaard in most appropriate way including; JV, Sale or Spin off and listing of Greenland vehicle.

Corporate Change in control transaction which results in a value of not less than AUD 150M. 20%.

Very realistic, and once again, if you have the slightest morsel of foresight you'd be going over your numbers again, weighing up the risk vs reward, and realising that just one of the above mentioned KPI's reaching maturity will send this on multiples of current market cap.

I will be voting yes for all, just my opinion which is very biased, but realistic.

Havent been this excited since little old PHK was 2.5 cents, and if Olympian or followers are reading, they will be thinking about CMR at 15c, before its rise upwards to $6...

Will let others focus on the downside, I am happy with my own projections..

Kind regards to all,

TCG