CTM chart, page-218

Whole market down after US Dow tanked 650. Also, this announcement has not given us results of current drilling, only quarterly activities. Expect more sideways/downward pressure until results come out. There will always be impatient sellers. Nickel still in the ground and resource expanding. Nickel price moving up although not really relevant now (as we haven’t got anything to sell IMO) until we are ready to produce in 4 years unless we do an off take. I think the size of the resource is more likely to move price at this stage (or left field announcement with Jambi or perhaps Ity now that it’s freed up (I think they’ll off load Ity)).