Other than the mention by 3DA I referred to I have not seen 3DA...

Other than the mention by 3DA I referred to I have not seen 3DA make reference to the Strategic Alloys joint venture elsewhere. I was actually surprised that 3DA made a reference to it at all given its past reticence about this business (for whatever reason).

PPK has also more than once promised the market updates on the progress of Strategic Alloys. Indeed, if I recall correctly, it promised an update way back at the end of 2020 for Q1 calendar 2021 and unfortunately no such update was forthcoming. PPK should not commit to make an update and then not fulfil that commitment.

But, hopefully now an update on Strategic Alloys will be forthcoming. I must admit I cannot understand why PPK and 3DA are so unwilling to properly and in a timely manner inform the market about Strategic Alloys, when it obviously has huge value potential.

I am of the view that shareholders should not have to "join-the-dots" and that PPK management should keep the market properly informed.

But, to answer your question, I would expect an update on this in 2022 and my expectation, based upon all the "dots", is that it should be positive.