Ann: Airijoki Vanadium Project Update, page-6

In a bear market, you really want to be able to market your projects with every box ticked, or able to be ticked following some hard work, and not have a box with a big question mark over them.

Poor Jurisdiction, country, can be a show stopper. Getting finance at the end of the day can be much more a question mark, if there is doubt to how long the tenure may last.

PUR has the best prospect of being the best in class imo. Just some hard work ahead of us, but at entry level at 4m mc, we have a significant re-rate when we are able to be presented to the wider investment community, who need that a few more runs on our board, before they will pull the trigger. Hopefully, that will make the sellers at 3c, seem poorly orientated.

When we compare ourselves, we need to have the scoping study, jorc , and all the benefits lined up like infrastructure, mineralogy simplification for processing, which will all translate to lower opex and capex.

Pegging all this additional land, when the rest of the world was sleeping ? Well done management.