Ann: Change in substantial holding, page-6

We are getting in cheap now as investors still see risk in investing in places like Indonesia and also the techniques we use are not environmentally friendly. However that will change. Billions are being invested in Indonesia the last couple of years for Nickel and HPAL plants , once mainstream investors start realising that and see it as low risk , they will buy in but by that time you will be paying the 100%-200% premium. As for the environment , Tsingshan has pledged to go green. They will invest millions to find greener ways to operate and since we operate within their parks , we will just piggy bag on their techniques once it’s implemented without the cost of doing our own r&d the same way they are giving us the chance to invest in Nickel Matte for batteries.Today’s substantial holder increase only further validates that our success is aligned with theirs, what more validation can you ask for when the worlds largest nickel producer is investing in us, imho dyor