Ann: More Positive Results from Metallurgical Testwork at Julimar, page-39

You showed how little you really know, when you said these nickel concentrate results set Julimar apart from high-PGE deposits like Noril'sk, one of the highest grade PGE bearing Ni-Cu sulphide deposits around. Some of the results, from some of the ore surfaces, produced grades equivalent with the komatiite sulphide deposits, in Ni%. Just because you clearly don't know, komatiites run higher in Ni% and lower in PGE's than intrusive hosted deposits.
So yeah, duh, of course.
But the other way these deposits go is low-tenor pyrrhotite with MSS nickel exsolutions. Note the fine grind size.
Note, again, this is just a few of the surfaces - G1, G2, G3 and G5. The remainder, no metallurgical results to date.

If anything, this is a great time to evaluate whether you're paying $1.6B on forward earnings priced on perfection, and whether it's worth re-evaluating the chances going forward.