 Good afternoon. I'm here to speak about the gem that was launched upon the unsuspecting mining markets when Goldman Sachs came out with a soundbite that Lithium is the new gasoline. This came out a month ago, maybe now. I've actually tracked down the document in which this statement came out. You know, one's used to Goldman Sachs as one of the world's leading investment banks, if not the leading investment bank, of being weighty, etc. But in fact, it was contained within a document that was sort of like a circular that was sent out to seemingly private clients that would have frankly made even a Vancouver promoter blush because it was really a gush about a subject which, unfortunately, Goldman didn't seem to really know all that much. Now, you know, we've had this tendency in recent years for Goldman to be able to call the shots, and either in the case of self-fulfilling prophecy back in the late last decade, they came up with the BRICS concept, which was Brazil, Russia, India and China. And that concept really lasted until about the last year or two when it was suddenly realised that Russia was totally underperforming the others and that Brazil was also having the wheels falling off it. But for a little while there, one could live the delusion that the BRICS statement by Goldman really set the tone for a decade and a half and may have indeed spurred the commodity supercycle, which I believe was not invented by Goldman but was actually invented by Citibank, an analyst at Citibank. But it definitely set a tone and emerging markets boomed and this was attributed back to the fact that these four economies were dragging the emerging or developing economies along. In one sort of rather amusing side effect, you know, there was a reference to the BRICS and many people thought that the S stood for South Africa. South Africa wasn't part of the original conception and South Africa was definitely not one of the world's most exciting economies as it wallowed in labour problems, collapsing currency and perpetual energy dilemmas. So when Lithium is the new gasoline came out, it was really pouring gasoline on an already quite nicely burning fire of its own in the Lithium space. But let's just look at the claim because Lithium is the new gasoline makes out that Lithium is actually an input that makes the vehicles move because that's what gasoline does. It's put into the engine of combustion engine and it powers the vehicle. But Lithium is not that. Lithium is actually the storage device into which the electricity that is put into the car. So electricity is the new gasoline in the Lithium battery space because you're not really comparing apples and oranges when you make this claim. There was a chart that was produced a while back last year by Signalbox, the party that produces research in the Lithium chemical space with their estimates of where demand would be going and if anyone wants to find it they can see it in the October PowerPoint of Neo-Metals. And it's an interesting chart which I'd hope that we could have had up on the screen because the conclusions of Signalbox, who are a one of the, well if not the leading gurus on statistics in the Lithium space, differ dramatically from the prognostications of the analyst at Goldman. So the statistics guru at Signalbox had been projecting that Lithium chemicals used in cathodes within rechargeable batteries would be increasing by increments rising from 10,000 metric tons of Lithium carbonate equivalent LCE per annum, the moment to around 25 to 30,000 tons per annum by 2025. That's the increment, the amount that the previous year's production was, well demand was being augmented. The Goldman piece without a source for their projection, which I presume was basically themselves, said that total Lithium today is 160,000 metric tons of Lithium carbonate equivalent per annum. We estimate that a 1% increase in battery electric vehicle penetration will increase Lithium demand by 70,000 metric tons of LCE per year, or roughly half the current global demand for Lithium. However, according to the Signalbox numbers that I referenced from the NeoMetals presentation, the LCE used in rechargeable batteries was only 75,000 tons per annum, so less than half of what Goldman was claiming was being used. So then we know that we need to ask ourselves a question of whose numbers would we trust. So essentially I think that there's an exciting story in the Lithium space. There's a rising demand for the product and a limited supply so far, but it is not helpful that Goldman should have come out with this statement because this really just panders to pushing a story without any solid foundations. So that's just my little introduction to the subject of Lithium is the new gasoline. Thank you.