| we are back with first energy medals | 5.6 | Jump to 30.0 |  |  | 
              
                
                  | have to get your camera working one of | 2.719 | Jump to 50.0 |  |  | 
              
                
                  | in one of the things that we're always | 4.561 | Jump to 67.119 |  |  | 
              
                
                  | you know three things going for them one | 2.879 | Jump to 73.28 |  |  | 
              
                
                  | multi-billion dollar market | 2.401 | Jump to 76.159 |  |  | 
              
                
                  | in one year it's been over 10 times uh | 5.441 | Jump to 156.959 |  |  | 
              
                
                  | another two thousand three thousand | 3.84 | Jump to 163.44 | 
                      
                        
                      
                        DATE
                      
                      
                        two thousand three thousand
                      
                     |  | 
              
                
                  | dollars yeah another ten percent or | 3.921 | Jump to 165.519 | 
                      
                        
                      
                        PERCENT
                      
                      
                        another ten percent
                      
                     |  | 
              
                
                  | fifteen percent yeah and that's a week | 4.239 | Jump to 167.28 |  |  | 
              
                
                  | it's one of maybe china might have | 3.76 | Jump to 225.36 |  |  | 
              
                
                  | we're probably looking at 100 thousand | 4.081 | Jump to 307.759 |  |  | 
              
                
                  | whatnot so in the us that's about four | 4.16 | Jump to 316.4 |  |  | 
              
                
                  | around fifteen percent | 4.241 | Jump to 321.919 | 
                      
                        
                      
                        PERCENT
                      
                      
                        around fifteen percent
                      
                     |  | 
              
                
                  | 2030 we're looking at a 30 percent | 5.52 | Jump to 326.16 |  |  | 
              
                
                  | by 2030 a lot of the major domestic car | 5.28 | Jump to 331.68 |  |  | 
              
                
                  | up to 20 beyond so here the domestic | 5.039 | Jump to 352.72 |  |  | 
              
                
                  | aspect of it like when one shows up in a | 4.959 | Jump to 364.24 |  |  | 
              
                
                  | in two years i believe | 3.841 | Jump to 402.319 |  |  | 
              
                
                  | in two one or two years so yeah so it's | 4.8 | Jump to 404.08 |  |  | 
              
                
                  | lamborghini in two years uh with the | 5.12 | Jump to 416.72 |  |  | 
              
                
                  | two years that's electric even toyota as | 5.28 | Jump to 424.96 |  |  | 
              
                
                  | well they're investing 70 billion into | 6.16 | Jump to 430.24 |  |  | 
              
                
                  | million tons a year but to grow that | 3.44 | Jump to 456.8 |  |  | 
              
                
                  | this is where first energy comes in so | 3.28 | Jump to 465.28 |  |  | 
              
                
                  | we first | 3.12 | Jump to 472.479 |  |  | 
              
                
                  | a 43-101 compliant exercise of drilling | 6.08 | Jump to 509.28 |  |  | 
              
                
                  | 0.6 miles for for the u.s investors | 7.6 | Jump to 534.0 |  |  | 
              
                
                  | nearly 20 million tons | 4.72 | Jump to 545.36 | 
                      
                        
                      
                        QUANTITY
                      
                      
                        nearly 20 million tons
                      
                     |  | 
              
                
                  | look at our results you see one percent | 4.88 | Jump to 554.959 |  |  | 
              
                
                  | or uh parts per million and one percent | 5.84 | Jump to 565.92 |  |  | 
              
                
                  | is actually 10 000 grams per tonne or 10 | 4.641 | Jump to 569.279 | 
                      
                        
                      
                        QUANTITY
                      
                      
                        10 000 grams per tonne or
                      
                     |  | 
              
                
                  | 000 parts per million so that would be a | 4.639 | Jump to 571.76 |  |  | 
              
                
                  | metric a mental metric is one ton | 6.08 | Jump to 581.68 |  |  | 
              
                
                  | would actually give 10 kilograms | 7.041 | Jump to 584.959 |  |  | 
              
                
                  | 22 pounds 10 kilograms of lithium for it | 4.16 | Jump to 594.56 | 
                      
                        
                      
                        QUANTITY
                      
                      
                        22 pounds 10 kilograms
                      
                     |  | 
              
                
                  | it'd be one ton of rock per one car | 6.239 | Jump to 598.72 |  |  | 
              
                
                  | 20 million or more | 5.041 | Jump to 606.399 |  |  | 
              
                
                  | they have 20 you know they've | 2.96 | Jump to 635.04 |  |  | 
              
                
                  | of 20 million tons of lithium right | 4.159 | Jump to 641.92 |  |  | 
              
                
                  | value of that 20 million oh okay you | 4.241 | Jump to 646.079 |  |  | 
              
                
                  | two years ago if you did your valuation | 4.56 | Jump to 654.88 |  |  | 
              
                
                  | a tenth | 3.36 | Jump to 660.56 |  |  | 
              
                
                  | a project in ghana with about 20 million | 6.08 | Jump to 675.12 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        about 20 million
                      
                     |  | 
              
                
                  | production value is about 3.8 billion | 4.8 | Jump to 681.2 |  |  | 
              
                
                  | so these are multi-billion dollar | 3.519 | Jump to 684.0 |  |  | 
              
                
                  | several billion dollars the resource | 4.96 | Jump to 701.76 | 
                      
                        
                      
                        MONEY
                      
                      
                        several billion dollars
                      
                     |  | 
              
                
                  | what the odds are you know like 34 | 5.44 | Jump to 730.24 |  |  | 
              
                
                  | a seven kilometer strike length | 4.961 | Jump to 793.519 |  |  | 
              
                
                  | and so that's um about four and a half | 6.081 | Jump to 802.079 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        about four and a half
                      
                     |  | 
              
                
                  | where we're located there are two | 3.921 | Jump to 858.079 |  |  | 
              
                
                  | call it with all within 10 kilometers | 4.64 | Jump to 883.6 |  |  | 
              
                
                  | with within us um and there's one major | 4.24 | Jump to 885.44 |  |  | 
              
                
                  | for us where we need to raise 300 | 4.08 | Jump to 911.92 |  |  | 
              
                
                  | million or 500 million for mine to build | 3.439 | Jump to 913.76 |  |  | 
              
                
                  | about is less than two miles away it's | 5.44 | Jump to 992.72 | 
                      
                        
                      
                        QUANTITY
                      
                      
                        less than two miles
                      
                     |  | 
              
                
                  | one by one in case anybody has questions | 3.601 | Jump to 1050.559 |  |  | 
              
                
                  | uh the latest one uh | 5.839 | Jump to 1066.08 |  |  | 
              
                
                  | i think was tuesday right the 25th yeah | 4.48 | Jump to 1068.88 |  |  | 
              
                
                  | what the six meter | 2.88 | Jump to 1073.36 |  |  | 
              
                
                  | this is the uh 5.2 meters yes | 4.24 | Jump to 1076.24 |  |  | 
              
                
                  | phase two | 3.599 | Jump to 1141.2 |  |  | 
              
                
                  | consistent widths of around 17 20 feet | 6.24 | Jump to 1150.559 | 
                      
                        
                      
                        QUANTITY
                      
                      
                        around 17 20 feet
                      
                     |  | 
              
                
                  | in some cases 60 feet in width | 4.0 | Jump to 1156.799 |  |  | 
              
                
                  | lithium one of the more successful | 4.559 | Jump to 1170.24 |  |  | 
              
                
                  | around the 20 million ton level so | 3.681 | Jump to 1211.039 | 
                      
                        
                      
                        QUANTITY
                      
                      
                        the 20 million ton
                      
                     |  | 
              
                
                  | two miles away from them | 2.96 | Jump to 1227.52 |  |  | 
              
                
                  | of of one percent approximately | 4.32 | Jump to 1234.96 |  |  | 
              
                
                  | 300 meters let's go to 400 meters we | 4.64 | Jump to 1272.159 |  |  | 
              
                
                  | almost you've drilled almost 300 meters | 3.52 | Jump to 1283.76 | 
                      
                        
                      
                        QUANTITY
                      
                      
                        almost 300 meters
                      
                     |  | 
              
                
                  | the most around 200. | 5.12 | Jump to 1288.72 |  |  | 
              
                
                  | okay but this one says 292 drill depth | 6.16 | Jump to 1290.72 |  |  | 
              
                
                  | said got it okay it was there's only one | 3.2 | Jump to 1296.88 |  |  | 
              
                
                  | maybe 100 feet and then you want to | 5.04 | Jump to 1314.24 |  |  | 
              
                
                  | drill it 200 feet 300 feet 400 feet to | 4.719 | Jump to 1316.08 | 
                      
                        
                      
                        QUANTITY
                      
                      
                        200 feet 300 feet 400 feet
                      
                     |  | 
              
                
                  | for this first phase of drilling it was | 3.921 | Jump to 1322.159 |  |  | 
              
                
                  | and the second phase of drilling | 5.679 | Jump to 1327.12 |  |  | 
              
                
                  | one that we didn't look at with the | 4.64 | Jump to 1335.12 |  |  | 
              
                
                  | first phase that was to the south of us | 4.56 | Jump to 1336.96 |  |  | 
              
                
                  | from the first phase of drawing | 5.441 | Jump to 1345.039 |  |  | 
              
                
                  | in your neighborhood they're two | 3.92 | Jump to 1373.28 |  |  | 
              
                
                  | they're three kilometers 1.8 miles or | 4.0 | Jump to 1377.2 | 
                      
                        
                      
                        QUANTITY
                      
                      
                        three kilometers
                      
                     |  | 
              
                
                  | basically it's a brisk walk of about 40 | 2.719 | Jump to 1387.44 |  |  | 
              
                
                  | 10 miles then it's it's logical to try | 4.961 | Jump to 1395.919 |  |  | 
              
                
                  | to the one production facility otherwise | 4.4 | Jump to 1400.88 |  |  | 
              
                
                  | the original target was about 825 meters | 6.161 | Jump to 1441.679 | 
                      
                        
                      
                        QUANTITY
                      
                      
                        about 825 meters
                      
                     |  | 
              
                
                  | half of that with phase one | 7.12 | Jump to 1447.84 |  |  | 
              
                
                  | three-story buildings and you know | 3.921 | Jump to 1487.279 |  |  | 
              
                
                  | this three-story building that might | 2.56 | Jump to 1496.4 |  |  | 
              
                
                  | a hundred grand all of a sudden um you | 4.0 | Jump to 1500.799 |  |  | 
              
                
                  | a billion dollars so it's a um | 5.12 | Jump to 1510.24 |  |  | 
              
                
                  | you know two years ago | 3.12 | Jump to 1641.52 |  |  | 
              
                
                  | so for two two reasons they want to have | 3.76 | Jump to 1661.6 |  |  | 
              
                
                  | compelling um okay so one thing you | 4.88 | Jump to 1697.36 |  |  | 
              
                
                  | first yeah first energy it's not about | 4.32 | Jump to 1705.12 |  |  | 
              
                
                  | i said two miles away | 2.88 | Jump to 1727.679 |  |  | 
              
                
                  | two companies would be | 3.6 | Jump to 1736.799 |  |  | 
              
                
                  | you know ten dollars a share whatever | 3.12 | Jump to 1882.159 |  |  | 
              
                
                  | graham do you want to take this one yeah | 3.76 | Jump to 1888.799 |  |  | 
              
                
                  | which is the 43101 report and complete | 3.6 | Jump to 1895.12 |  |  | 
              
                
                  | roughly 12 months | 5.12 | Jump to 1933.039 |  |  | 
              
                
                  | about 12 months in about 12 months okay | 3.52 | Jump to 1942.72 |  |  | 
              
                
                  | and 12 months from now | 4.319 | Jump to 1950.08 |  |  | 
              
                
                  | valued as a 43 100 it's it's the value | 4.4 | Jump to 1959.36 |  |  | 
              
                
                  | is about 15 million | 3.28 | Jump to 1962.32 | 
                      
                        
                      
                        CARDINAL
                      
                      
                        about 15 million
                      
                     |  | 
              
                
                  | notice the market cap today is what 15 | 3.6 | Jump to 1963.76 |  |  | 
              
                
                  | million bucks right | 4.319 | Jump to 1965.6 |  |  | 
              
                
                  | you know to get to a 43 101 how much | 4.88 | Jump to 1972.96 |  |  | 
              
                
                  | they have a resource of 21 million tons | 7.76 | Jump to 1989.279 |  |  | 
              
                
                  | estimated to be 3.4 billion | 6.24 | Jump to 1997.039 |  |  | 
              
                
                  | that's 21 million tons in size which is | 4.399 | Jump to 2009.12 |  |  | 
              
                
                  | about nearly 300 million | 5.04 | Jump to 2022.72 | 
                      
                        
                      
                        MONEY
                      
                      
                        about nearly 300 million
                      
                     |  | 
              
                
                  | north of 200 million canadian right | 5.76 | Jump to 2055.359 |  |  | 
              
                
                  | in 12 months when you have the 43 101 | 4.161 | Jump to 2065.839 |  |  | 
              
                
                  | and uh there are 200 they're not a | 3.919 | Jump to 2074.72 |  |  | 
              
                
                  | and get a 200 million plus | 3.76 | Jump to 2093.76 |  |  | 
              
                
                  | which one is the more kind of perfect | 4.161 | Jump to 2171.359 |  |  | 
              
                
                  | three there's three major types brines | 5.68 | Jump to 2175.52 |  |  | 
              
                
                  | southwestern australia okay which one is | 4.16 | Jump to 2272.48 |  |  | 
              
                
                  | 12 000 feet elevation it's extremely dry | 6.56 | Jump to 2317.76 |  |  | 
              
                
                  | the lithium the same the one that's from | 4.48 | Jump to 2349.04 |  |  | 
              
                
                  | mentioned over 10 times | 3.839 | Jump to 2403.76 |  |  | 
              
                
                  | a 43 101 resource in the next 12 months | 6.0 | Jump to 2546.56 |  |  | 
              
                
                  | a couple hundred million dollars | 4.72 | Jump to 2552.56 | 
                      
                        
                      
                        MONEY
                      
                      
                        a couple hundred million dollars
                      
                     |  | 
              
                
                  | you know billion dollar company already | 2.96 | Jump to 2581.76 |  |  | 
              
                
                  | six mining jurisdictions in the world | 4.56 | Jump to 2600.4 |  |  | 
              
                
                  | think the next year for first energy is | 4.48 | Jump to 2620.56 |  |  | 
              
                
                  | okay so uh 22 is the year the theme is | 5.28 | Jump to 2647.44 |  |  | 
              
                
                  | first energy | 4.0 | Jump to 2654.8 |  |  | 
              
                
                  | literally one drill hole that'll | 4.32 | Jump to 2700.4 |  |  | 
              
                
                  | don't think there's any one | 4.081 | Jump to 2720.079 |  |  | 
              
                
                  | one particular um metric green point | 3.601 | Jump to 2721.599 |  |  | 
              
                
                  | matter of at any one time we could get | 3.2 | Jump to 2727.119 |  |  | 
              
                
                  | comp that you mentioned before for 200 | 3.84 | Jump to 2762.8 |  |  | 
              
                
                  | million plus which is in africa so in | 3.2 | Jump to 2764.56 |  |  | 
              
                
                  | 400 million 353 you know | 4.4 | Jump to 2770.48 |  |  | 
              
                
                  | often uh a third of that so okay people | 7.199 | Jump to 2792.16 |  |  | 
              
                
                  | 400 million just based on you know | 4.72 | Jump to 2814.24 |  |  | 
              
                
                  | end stage uh at the 43 101 but | 4.559 | Jump to 2834.8 |  |  | 
              
                
                  | every step along the line for 43 101 | 3.92 | Jump to 2856.48 |  |  | 
              
                
                  | know i'd like to see a 40 cent level uh | 6.4 | Jump to 2863.52 |  |  | 
              
                
                  | just recently we had a dip of 900 points | 6.32 | Jump to 2872.96 |  |  | 
              
                
                  | 400 points in that same day so | 4.799 | Jump to 2879.28 |  |  | 
              
                
                  | 200 cars it goes into some of these uh | 4.721 | Jump to 2912.559 |  |  | 
              
                
                  | stations now i found out there's 12 | 4.56 | Jump to 2970.4 |  |  | 
              
                
                  | the last 18 months | 3.68 | Jump to 2974.96 |  |  | 
              
                
                  | uh to make first energy an attractive | 5.52 | Jump to 2988.0 |  |  |