$2 Party, page-2

Agree this stock has $2 written all over it. Around last nickel boom was valued at $340m from a strategic investment.

Since then the cobalt credits have doubled and supply chains are getting serious on nickel.

I see the highlights as follows:

-Director buying an on market fortune of 8.5m, shows there may be some strategic value adding partnerships in the works for the 2.5bil (likly higher when revised) capex. As who would dilute their own fortune.
-Favourable depsoit geometry, low strip ratio open pit.
-EPA and other approvals already in place
-Strong grades for deposit type.
-Huge resource (2mt Ni, 150kt Co) long LOM at strong output 40ktpa Ni 3ktpa Co
-Project recognised in the Australian critical metals prospectus.





Downsides:
-capex blow-out, (less likly that a lot of other laterite projects imo)
-technical challenges in processing.
-funding uncertainty