Ann: Share Purchase Plan, page-73

Unawares believe me when i say this - mrf is approaching this in a unique way where the risk reward is immense. Ridiculous reward but uf the metrics were favourable and it is known mrf will be in stratosphere. However as unlike the traditional graphite the inabiluty to predict quantities mean it is extremely speculative from a business perspective akin to an oil drill with history and imaging. So the fact that mrf is going into production soon will be different to the same scenario if ton was about to enter production as the project has clearly defined metrics and The sp would reflect this. Think if this as an oil drill appraisal where we know there is high quality crude but not sure how much. The difference is whatever graphite we find we sell on the spot.

Please note i aint trying to create a fight or dispute just trying to say possibly the sp is currently where it is.