Ann: Diggers & Dealers Mining Forum Presentation, page-31

That is exactly my point.

From what I can see your potential minerals are not exactly close to the surface are they?

And from what I can see they are spread over a large area as well?

I am no expert but if something is deep underground and scattered it costs more to extract?

Am I wrong?

And here we have CWS and Sally telling us on the peer site all day long how good things are at ARL

But then again they may rely on the colourful presentations?

On the other hand the peer's mineral's appears to be close to the surface if not at the surface. Did that perhaps explain in part why the offtaker signed up?

Again I'm no expert but do you think that is why the peer has evidence of being in the lowest cost quartile?

Important I believe as technology is moving so fast that we don't know how much need for nickel and cobalt in for example 10 years time do we? So we better get moving to get finance and pay the equipment off before conditions change.

I am not an expert so don't rely on my opinion for investment purposes.