RE:A walk down memory lane: Crux interview of PMKha, I listened to the 38 minute CRUX interview with Paulo Misk, finding the word captioning helpful. My takeaways from the July, 2020 interview and where we stand ~20 months later: most of financial improvements discussed by Misk were to come from new V2O3 high purity to generate new sales in the chemical and aerospace industries where V2O3 comprises 50% of Vanadium use, and high purity is much valued, ie, LGO HighPurity and HighPurity+ V2O3. a new market just now entered by LGO. The other major discussion was about TiO2, and how, once in place, was going to equal LGO Vanadium revenue numbers, effectively doubling current numbers. Once in place, because the current and future large inventory of ilmenite is already mined and milled, TiO2 is very inexpensively ready for sale. When asked about financing the two projects, whether equity, debt or internal financing, Misk stated that LGO was planning debt financing with such favorable interest rates available. No mention in the interview about plans of any sort to go ahead with what has since occurred with Largo Clean Energy and VRFB, which came in late 2020. And, nothing about the Largo Physical Vanadium project just recently announced. This brought me back to the recent CC exchange between Lee Cooperman and CFO Ernest Cleave, where Cleave quickly responded that capex spending for the V2O3 and TiO2 were taken care of by internal cash financing, no additional debt or equity required, still leaving ~$US 160 million in place for BOD option determination. And much larger amounts to come from 2023 forward. It seems to me that Cleave must be looking at the current 2022 combination of multiple favorable conditions: Vanadium selling for ~$US 12.40, significant V2O3 high purity revenue, significant TiO2 revenues resulting in the not too distant future, and, possibly, as yet not publicly known accounting aspects of the LPV setup, if and when it ever becomes a reality for LCE and future anticipated successful LRFB contracts. Despite all past missteps and miscommunications by Misk, Cleave, Vollant, etal, I anticipate 2022 revenue and earning numbers are going to be surprisingly positive.