The reality is, this is the same as every other vested interest...

The reality is, this is the same as every other vested interest director. Tim Goyder bought agressively in the rise of LTR. They believe in the product. They understand the broader dynamic/market. No smoking gun, no one email. It's no secret that there is half a dozen nickel plays of this scale worldwide, much less in stable juristictions. It just so happens that this one is the highest NPV of all of them bar the canadian sudbury deposit, which is spoken for. Same as Rineheart play on LTR(and Mincors move) - they are locking up supply via blocking(negotiating) stakes. Its a security of supply issue, not strictly a CAPEX cost issue. Consider that the LTR deposit is of a much more abundant metal, but it is a large endownment. Thats the key. The size of deposit. These take 10+ years to develop usually (specifically, moreso with Nickel). He knows it. There's no secret here mate. Thats why he's buying at $1+(for most of his major buys). It's buying an asset at pennies in the pound. The second indonesia gets called out/compromised on ESG grounds(which, for the naysayers, why the hell are we going green if where we source the stuff is clearfelling rainforests to get the base metal product?!?)

Where else does the world get Nickel? The choices are Russia(sanctioned), brazil(BRICS - Not covered by the US's Critical minerals strategy 20% discount).....and very little else. Which is why you're seeing Albermale(et al) hunting so agressively on aus lithium deposits. We're expensive, but stable. See AVZ for an alternative.