In my opinion, We need to transition to class 1 Nickel as we will be stuck to
NPI. The big advantage is the Capex guarantee from tsingshan. It is still
2 years away, there will probably a few who will be interested in joining this
project specially from ev or battery producers. Its also powered by third party
solar plant. Just like ANI and ONI, ENC will prove its worth once it starts production
specially when Nickel Price jumps 2 years from now. JMO.
Ann: Notice of Extraordinary General Meeting, page-8
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