Ann: Commercial Production Declared at Balama, page-48

A few issues with the update from the board and senior management.

1) costs over 2019 will be reduced to US$400 per tonne. But when? At what point? Wouldn't it be better to say that is our ultimate goal but over the course of the full 2019, what they below the averaged cost per tonne would be? 

2) fines versus coarse flake.  They say they want to change the product mix from 80%:20% to 70%:30%. The coarse flake gets a much better price per tonne (US$900 to US$1,200).   Again, at what point will they hit this mix.

They should be giving more detail so that shareholders can then forecast csshlow and profits. 

hmmm. Our best hope if the product mix change is achieved early this quarter, and the price for the coarse flake stays over US$1,000 per tonne. 

and shortsellers? Well they have proved to be right thus far. I would like them to get their fingers burnt though by someone taking it over for say $3:00. It has good prospects plus vanadium.  If someone was interested, now is the time to make a move.