shareholder register, page-7

This is the kind of quality accumulation that propels a stock into sustained "stage 2" territory: support from institutions through purchasing campaigns of a stock that they must own (because there are indications the equity is going to go much higher, in their assessment). I am optimistic that this will continue should the pieces lock together for us WRT finance, mine construction, SMP start up and long term cobalt demand/price.

There is a desire to keep product (refined Co) on hand to leverage the commercial team Bryce is fortunate enough to have at his disposal; I believe this was mentioned this in the latest presentation we saw. Internally I would read this as indicating that Mr Young and others who are intimately familiar with the Co supply chain and purchasing forecasts of EV co's, have high hopes for the Co price in the medium/long term, and want this product on hand to take full advantage. Could 50k be just the start? Especially with the Cobalt Cliff approaching? I certainly hope so. #DCC100K could indeed be in play whilst ICO is in production.

Looking forward to the next year of activity leading up to mid 2022 ICO start up.