Anyone who believed this journey was going to be a straight...

Anyone who believed this journey was going to be a straight forward was a tad naive to the realities of the process.

We can all sit waiting in anticipation for a Q1 2024 BLM decision on the project and expect adulation and euphoria and multi bag returns... truth is that in a down market no (sustained) bags will arrive... the market is anticipated to soon turn but exactly when is a guessing game.

The likelihood of the same groups of people achieving meaning and purpose in their lives by opposing mining projects in deserts will have recourse in the courts and the BLM decision next year is the beginning of another phase of proceedings. If we look to the neighbouring Lithium Americas they have moved into that phase whilst having commenced construction. I'm unsure if INR will have a similar plan?

As the main lithium supply short fall is anticipated around 2027. As projects are notoriously late in completion and can fall over at any moment eg CXO this opportunity should be ripe at the right time in the season and it's definitely a marathon.