Associated News, page-1333

Thats are fair assesment, especially for short term SP movements.

The market is awaiting the FID, at which point the medium term we will know which direction QPM will head.

I agree with SGs narrative, that we are heading toward sourcing credentials which pivots away from Indo Nickel for some of the supply.

Macro wise, the figure being quoted is 65% increase in nickel to meet the demand, so if QPM moves into production the pie is big enough to incorporate multiple sourcing lanes.

For me waiting another 5 months is not a big hassle. I have seen QPM grow from sub 5cents to 27 cent highs and crash again. In hindsight, the story ran ahead of the value, but now at a MC of 170 million, we are so much further aheas than when we were nearing 500 million MC in 2021. Another lesson I am learning in investing is the art of patience.