Ann: MTD026 Aqua Regia Testwork Confirms Nickel Sulphide, page-9

Read between the lines. Management stipulating what every "nay-sayer" has said from the get go. This low-grade (mineralised waste) is not economic by itself and requires a substantial massive sulphide discovery in order to be a "go-er".

Previous reported results were not "good" as many people here stated, they were underwhelming hence the sell off. Everyone is coping and blaming manipulation etc.

The overall Nickel macro is not good. RKEF laterites & even HPAL in Indonesia being funded by China will continue to kill marginal low-grade prospects like this. Chalice (although PGE dominant) should be a wake-up call to the WMG pipe-dream in regard to plausibility of being a mine.

Everyone likes to tout how big the system is and quote potential resource numbers however there is no one here that seems to understand how studies, mining, etc works. Resources can be valueless, you should focus on the possibility of converting your resource to reserves, almost impossible here with prevailing macro (Think the classic hot copper poster claiming a junior with 1moz gold resource is undervalued whilst capped at 50m).