Ann: Project Financing Update for the Ta Khoa Project, page-101

It's been proven to be a viable option by AMR who successfully did just that at a lower nickel price until it went even lower. They were even looking at building a smelter for a paltry $24m to process concentrate which would have reduced the export tax to, I believe, 5%. That is also an option but obviously there is a high demand for cathode precursor and unless we are all too embroiled in a world war three scenario in the immediate future there will be a refinery financed by partners. Vietnam does not want their nickel land banked so it's getting dug up