Ann: Outstanding cobalt and nickel results, Goongarrie South, page-114

The problem with some poster are the generalisations of the sectors and the resources within. Euc or cla cannot be compared to arl. There are different processes and as soon as maverick88 mentioned euc in comparison to arl, I knew there was no understanding of this sector with the broad brush of grades being applied throughout. This was the same scenario for lithium and graphite. Ultimately head grade is important but in the benefication process. Basically higher grade means less tonnage but a commodity goes beyond that with the hydrometallurgy being the key. High grades do not always correlate with excellent metallurgy. The fact here is considering the project the tonnage and grades are aligning. Now if hydro metallurgy comes through with supporting pfs, this is when the sp will rerate significantly. It will also start attracting attention as development becomes a reality. What we need is clean tech to be successful as it would bode well for arl.