Yeah, we're at a pretty boring point. I don't think we "old" investors have any doubts about all the hidden values, but can understand that new ones might look at the times a little. We cannot change the decisions that have been made, so now we can only wait for the division in October 2023, because then we will see the value. My bet is that the total value will not exceed USD28 until after the split. The fact is that the Lithium price has fallen quite a lot, so all in all it is perhaps also fair, since a value on the Thacker project will be floating until a new business case comes afterwards. Have halved my position and now wait until October to repurchase.

Otherwise, I generally see that the price of Lithium mines is/will be tied to the price of Lithium markets. It is therefore interesting to look at the need in relation to supply. And here I have the following thoughts. However, we must remember that lithium is also used for many other purposes in addition to EVs.

EV input:

- approx. is used 35 -75 kg of lithium per EV. Lithium is used in the same amount or more in solid state batteries.

- recycling will grow

- That means 50,000 tonnes of lithium will cover 1.4 million EV.

- The number of EVs produced over the next 10 years will increase dramatically.

- 39.8 million have been produced year to date. cars

- Of this, approx. 21% now EV, we should see an increase of 5 to 10% over the next few years.

- My bid will be 15 to 20 million. EV in 2024.

From all statistics, it will cause a shortage of Lithium, even a rather large shortage. Why is the price falling then? It may be that more is produced than we know, and it is not disclosed due to environmental concerns. If this is not the case we should soon be at a bottom and a rise to a somewhat higher level is coming.

This means a lot to Lac's value statement.