Ann: Nifty Copper Project Restart Financing Update, page-207

I don't have faith in the FED's judgement per say back 12 months ago. I do have faith in Jerome Powell's talks recently where he describes the issues with covid on the economy and how that unfolded. There was a lot of unknowns. Now the FED is acting in a manner they have experience with and inflated prices are coming off all the time. The higher interest rates are working. A lot of the factors propelling inflation stratospheric are no longer there. Lockdowns, Porthandling issues, freight backlog, high freight prices, oil & gas shortage, building materials, food etc have fallen, some back to pre pandemic levels. The sticky inflation covering wages is one factor that won't undo which will continue to lead to stickiness. JP will get on top of inflation and the FED are now travelling in an experienced position.