Unfortunately, the board has a fiduciary responsibility to all...

Unfortunately, the board has a fiduciary responsibility to all shareholders and the decision to start production is not as easy as which sandwich to have for lunch.

It seems like an easy decision given all we think we know or have been told about the company over the last 12 years but can you imagine what BMM or Andrew Forest would do if they decided to move into production and the calculations and estimates were not correct? What sort of impact would a class action have on the company if PH stuffed this up due to the desire to rush into production relying on information that was used in previous calculations?

The good news is that the longer it takes for things to ramp up the more opportunity we have to squeeze the highest margins out of every tonne of nickel (providing global demand for nickel increases).

Shareholders have to temper their desire to see the share price appreciate day AFTER day, with what is good business and risk management. If our thesis is correct... well two bucks may not be far off.