Ann: Graphite Price Information, page-24

Should be okay for a while Bacolar.

Doubt the cash burn will be anything like it has over the last 18 months.

* CSA Global review completed
* 100% ownership of Ancuabe which was a massive hit to the bottom line not originally earmarked in the budget
* Testing of graphite samples across Europe completed
* Preliminary building/earth works at Ancuabe site halted

A huge bulk of the work leading into finance has been paid for so hopfeully the next cr we see is post finance at a much higher share price with the objective of sustaining the company for 1-2 years general operating costs pre-production.