Ann: Half Yearly Report and Accounts, page-9

Totally Wasa. At the moment we know where we are at. The unknowns are the reason we are here and I why we still have confidence. Vanadium price is today $16.90 pound in China. Hovering around this mark roughly since Chinese New Year begun. Finance and or a binding off take is required to cement the future of AVL. Management know this, we the share holders know this. Market knows this. The fact the pfs was so detailed gives me confidence end users and possible finance partners will have a very good understanding of the team they are dealing with and the deposit which is world class in grade and size. This wasn’t a six drill hole based PFS. We can make money well below the current vanadium price but who, what and where are going to be the questions until Vince and Daniel can bring home a deal.