is that it?, page-13

1) It's good for a flip, they've done it numerous time in the past and I kept saying it won't happen again but I've been proven to be wrong again and again.

2) Further drilling might discover better grade at SJ but given the recent drilling results combined with the one they did 2+ years ago, it looks like this is the norm for deposit but it could I guess.

3) They could win Kolosori back.

4) They could get a PL for Tenement D and it has grades like Kolosori but they'll need at least a year of exploration and have to spend another $5-10 million.

3) If you use the PFS for Kolosori as an example which has a $11.49US/WMT FOB and production of 2WMT p.a, they could possibly break-even or make a small loss of only $4M + commission per year. Do this for 2 years until they are able to mine the good grades and by then the nickel price has recovered, make a decent profit and start to pay back their $10M start-up capital.

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