Ann: LCA Outcomes-Lowest CO2 Emission Nickel Precursor Flowsheet, page-33

I’m a fan of the gloss and the posturing, being able to position ourselves in the market as the leading Green Nickel flow sheet is great, it is an awesome differentiator.

However, words without action are wasted. No point having the body kit of a Ferrari if we do not have an engine. Results from the pilot plant testing, codified partnerships and offtakes, drilling results and a progress update on Chim Van are required and imminent.

I am confident that the dominoes will start to fall. Sub $100m market cap for a nickel company with the deposit size, infrastructure and jurisdiction we have is ludicrous. Period of accumulation will come to an end soon, we have tested and bounced off 19.5-20 a few times.Recent statements about generating cash flow early to reduce upfront capital investment (it was the big CAPEX figure that triggered the recent SP collapse) are great.

This is all based on potential, time to start ticking the important boxes.