SP move includes $55m of dilution + the SPP, so not really a...

SP move includes $55m of dilution + the SPP, so not really a fair basis to view but that chart is a stepped increase in any case. I'm personally looking forward to derisk steps, pilot progress and partner funding occuring and being reflected in SP. i feel there are plenty of sceptics not believing the project with downgraded nickel grades, requiring to blend high grading, LFP growth and sodium ion disruptor doesn't seem to be helping the narrative. i feel trust in management is lower than justified. Also on macro there has been a bit of commentary of nickle pricing forecast to soften across 22/23 before peaking in short supply again 24-26. Even with this, i agree the MC only being 5% of potential NPV is ridiculously undervalued given pilot is now funded. Bring on the PFS and some good news across 2022!