First Tidal Acquisition Corp T.AAA

RE: RE: Map of Danakil Neighbours

[Resilience]

One concern for me is indeed the value of the landpackage, compared to EPC and South Bolder we have limited areal extent, I am not so worried about the ponds but more about the total mine-able portion at low cost.

Ultimately I do think we need to get more land and need to leverage our head start and partners in showing the viability for AAA is greater than any of the other starters. This together with the ties with Ethiopian government should translate into more leverage both on deal making as acquiring and consolidating more land.

We're ahead but not unbeatable until we have another financial backer and a bankable mine-feasability study.

I am annoyed that I can't find out what Sainik is doing, I do think a portion of the Musley deposit is still usable, I'd love to add that at a nice price. This would also give some more breathing space for the mine. Actually all of Sainik's land clearly would.

Haro is an excellent start but I'd feel better with some more consolidation.. And what the hell is Nova Potash doing? Their lands to the east of the Musley deposit are interesting too.

As far as I am concerned the 3 viable players in this basin are currently South Bolder, EPC & AAA, and only the 2 latter are on Ethipian ground.

R.