I appreciate your perspective, and its always valuable to...

I appreciate your perspective, and its always valuable to scrutinise a projects fundamentals. However, lets look at some key facts regarding HVYs position.

1. Funding & Market Cap - While the company currently has circa $20M+ market cap, its important to recognise that capital projects of this nature are often funded through a combination of equity, debt, strategic partnerships, and potential off-take agreements. Market cap alone doesn't determine a projects viability, access to capital, project economics, and asset quality do. The scoping study and what I expect the soon to be released pfs outlines a compelling investment case with strong projected cash flows, which is a key factor in securing funding. Just the completion of the PFS alone will certainly support funding opportunities.

2. Garnet Market & Demand - While garnet can be recycled, the efficiency of recycling varies, and a significant portion of the market still relies on fresh supply. Global demand remains strong, with industry reports indicating ongoing supply deficits, particularly in regions reliant on consistent high quality material. The increasing use of garnet in industrial applications (abrasive blasting, water jet cutting, etc.) also supports long-term demand.

3. Pricing & Investment Attractiveness - While garnet pricing isn't set through a traditional commodity exchange, this is not uncommon in specialty materials markets. Many industrial minerals operate under contract based pricing, which provides stability rather than volatility. HVYs strategy appears to be to secure long-term agreements with key customers, ensuring price certainty and predictable revenue streams something investors value.

Regarding your comment on stock promotion, every investment carries risks, but HVYs approach has been transparent. The company has remained committed to preserving shareholder value through a tight register and has not engaged in excessive dilution. The best outcome for shareholders is the execution of a strong project, and management appears to be focused on that.

I encourage everyone to analyse the project based on its quantified economic data rather than speculation. The fundamentals, including resource quality, operating costs, and expected margins, are what will drive long term value.

Would love to hear your thoughts on these points. Constructive debate is always welcome.