Ann: ARL SMM and MC to form a JV to develop KNP Goongarrie Hub, page-117

These guys have had a couple of great interviews talking about bifurcated pricing and the inflation reduction act they obviously don’t listen to them, just a few months before PFS release nickel was plus 30k. Prices used were based on external credible projections.

They fail to acknowledge the the preference and increase use of nickel in batteries and the forecast supply deficit projections along with the growing pressure from consumers for ESG nickel.

They compared us to an aged nickel mine in Ravensthorpe, they seem to have little knowledge of our low carbon modern production process or our shallow soft dig low cost mining operations.

They can’t comprehend why Sumitomo would be interested and suggest it’s because they can’t get into Indonesia, do they realise Sumitomo sold out of a deal in Indonesia last year.

The most significant factor is they don’t understand China is manipulating prices to stifle investment in competition, that’s why there is a Inflation Reduction Act, the Japanese understand that we understand that but these guys are ignorant and just can’t work it out.

They looked lost just can’t comprehend it haha