Great interview....Interesting how we are now using the specific...

Great interview....

Interesting how we are now using the specific term "MOU" which wasn't heard prior to this......SW is also now saying weeks or months to cover himself but he left me with little doubt that our first MOU is being drafted/negotiated as we speak(pure speculation of course).

It will be non-binding in the western business sense but as SW stated, in terms of SE Asian practical reality "it will be written in blood" which is the reason why they take a long time.

Best quotes(paraphrased) "the end users of the NCM 811 precursor are beating our door down" and "as an experienced mining analyst I wouldn't have released a cap-ex requirement of over 800m if I didn't have the confidence that we have the partners to fund it" plus "we are very excited to see what CV delivers over the next few weeks or months with only one drill whole required to show if that big EM blob is nickel".

If I were a betting man, Vinfast would be my favourite to be first MOU executed given they have already announced they will be a new player into the EV battery manufacturing industry at their factory in Hai Phong.

You would expect them to be keen to take an equity position in a profitable refinery to lower their battery unit cost and simultaneously secure a local supplier which supports the Vietnamese economy.


GLTAH DYOR