Mr. Brodkey: Pan American Lithium is pretty much a brand new company. It went under the name of Etna Resources, which was until December of last year and was nothing more than a shell that traded on the Toronto Stock Venture Exchange. In December of 2009, we closed a transaction whereby a number of Chilean lithium-bearing properties were vended into the shell in exchange for a good number of shares from the shell coming out to the owners of the projects, myself included. So beforehand really the company wasn't much of anything, and we made it obviously a story and gave it life in December of last year, when these interests in nine Chilean salar properties were transferred and traded into the shell. The name change is very recent. We just last week effected with the regulatory approval from the Toronto Stock Venture Exchange the name change from the Etna into Pan American Lithium. Obviously, it more appropriately and accurately describes what the company does. It is a lithium company. We are a lithium exploration company, a junior mining company. We have a lot of brethren, smaller companies that are trying to break into the market. And it's a brand-new sort of burgeoning market that's opening up many possibilities in the mining industry. This typically happens when a commodity is getting a lot of attention, you see lot of companies springing up overnight, so to speak, and coming up with properties and deposits, and we are just one of the crowd that's doing this. By analogy, four or five years ago there was a huge boom in the uranium markets when uranium had been languishing at roughly 6 a pound for many years, and the U.S. uranium industry had been on a hiatus really since back in the 1980s, post Three Mile Island. Suddenly the uranium price shot up to 50 a pound and got as high as 120 or 130, I believe, and we had at one time 1,600 or so uranium companies that were competing for the same space - all small companies just starting up. In the subsequent years, most of those companies disappeared. To a lesser extent in the lithium space, we've seen the same thing happen. And we're one of, I would say, roughly 50 companies that have just recently appeared on the scene. But our story, as you will hear as we move on in the discussion, is one, I think, that's a strong one . We're absolutely planning on being one of the surviving companies and going to be competitive to the marketplace.
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