History/Comparisons and the next 12 months, page-162

bongo pm1 has EV of 5 million with 2.5 million cash in bank. its a minnow that could bag 10 times if below plays out . remember its a spec and all companies start where we are now. NST was 5 cents once also. with our management team and Townsville's need of new jobs then im in no doubt plant could be built.

a. nickel inventories record lows.

b. EV demand will grow exponentially next decade.

c. nickel sulfate demand to grow exponentially next decade.

d. pm1 PFS due september . this document will show IRR of plant.

e. off takes could be signed any time as EV/EB manufacturers need certainty of nickel sulfate supply next decade will all the battery megafactories being built.

f. if we sign off take and pfs is positive then i anticipate major rerating and then we can start to raise funds at higher prices along with capital from off take partner to build plant. PM1 plant cost is $300 million and this could easily be achieved once off takes are signed.

g. risk reward here is massive.