Ann: Successful A$21.5 Million Capital Raising, page-32

Spot on. Sometimes a simple reminder of what is in play can ground us

The 5th largest nickel producer’s ( Western Australia ), largest laterite resource just found and has been proving up some nickel sufide- the stuff the market dreams of.

Look who is number 2. BHP. The world’s largest miner. They hold more resources but ours is the single largest.

Our sulfide may prove too valuable to only be used to beneficate the laterite processing. If so then who knows- we may find a partner who will pay for both or we might seek a third party with excess processing capacity in the region as a way to offset/underpin our initial CAPEX requirement.

BHP etc are already mining and processing well within trucking distance…. And we have a working train line in our property!

To imagine this wasn’t going to take big bucks to advance in a truly meaningful way is for me a mistake.

Those familiar with my posts may have noticed a distinct lack of posts in our spin offs.

I came for the nickel and cobalt and like the Board, have remained focused on that. Using the funds from the spin offs to buy more here, first under 40 cents and then again in the mid 40’s.

I wish them both well and may move some money back to our WA spin off in the future but for now it’s all about the largest undeveloped nickel laterite in the developed world.

I’m happy with today’s price action. I think anyone trying to cap and accumulate may find their cap bought and that it will then be hard to get it back without paying for the experience.

Wider market noise didn’t slow us down recently and after some turbulence I don’t think this will either.