Ann: Update on Sconi Project Offtake Discussions, page-597

Nope. You said joint venture but the modesty displayed next means that’s ok- just proves you’re human like some of us are more than happy to admit.

Great modesty at the end. Let’s try to figure out what it really means.
https://m.alibaba.com/product/1600266404208/Nano-Ni-OH-2-powder-green.html?__detailProductImg=https%3A%2F%2Fs.alicdn.com%2F%40sc04%2Fkf%2FH15858e02c2eb4b7697a85e8007c4ffd6s.jpg_200x200.jpg

Seems about the same as lme etc pricing ( which we see they talk about in the ann. ), so yeah- let’s be generous and say $20,000 a tonne. Times by 12,000 a year. $240,000,000?

Then there’s the cobalt. Worth 2.5 times more but projected to be roughly ten times less in volume so... $50,000 times 1,200 a year. $60,000,000?

About $300,000,000 a year to payback $1.5 billion over 6 years? $1.8 billion minus costs says to me finance won’t happen but let’s hope I’m wrong!

Why don’t I believe? Numbers & Board behaviour over time while off topic attacks ( not from you ), on me matter not one bit.
Why do I hope? It’s an Aussie company.

Perhaps a slightly older person but same as you- just having a bash & happy if others can provide more insight.

All the best with your investments.