Ann: Completion of MobileMT Survey at Mulga Tank, page-124

I personally think we have been caught up in the CHN winds and punished because we haven’t yet found the higher grades.

People are looking at our depth of drilling and seem disappointed with the grades.

What we don’t know though is what are the economics of just an open pit to the 250m depth if the top 50-80m is just sand cover.
if we have a system bigger than Mt Keith and we focus on the top 250m as planned, could we produce say 30kt Ni per annum if we have a resource over 1Mt Ni?

Until we know more I don’t think we should ignore the potential tonnes available to us in the top 250m.