Ann: Quarterly Activities Report, page-5

Impressed also by the obvious positive relationship with local communities and government agencies. While some of the other SL graphite developers seem to be having some problems, its all going in the right direction for MRL Corp.

The capital management for the quarter is also tops. Tight control of funds, and just over $1m in the bank at the end of the quarter.

If production of , say, high value spherical comes on stream before the end of the year, there won't need to be much more dilution.

Excellent fast track plan to production of high value product by a smart and focussed team.