Ann: Quarterly Activities Report - period ended 30 June 2017, page-2

With nickel up late in the quarter and cobalt surging next quarter could see a significant surplus for the operation (more so than this quarter).

Does anyone know how much is owed in development and accumulated losses from the last 2 years? Am I correct in saying they expect that debt from losses will be paid back by the end of the year and then "maiden distributions" will be received which I assume go to paying off debt from project construction?

If they sell Freida they could pay back this debt and then go up to 11.3% of a very highly profitable operation.