Probably a good idea to establish a base case and see if it's...

Probably a good idea to establish a base case and see if it's comparable to the current valuation.
The company alleges a zero or negative cost per tonne of nickel product. If this is really the case then the company is resilient to swings. The main thing is proving the process, as Stephen says it's more about the mechanics of scale, as the chemistry is scalable.

If the plant works as projected, a zero opex nickel product would mean the BFS's main concern is about paying back capex, and that's a luxurious place to be. Put it this way, if we were in a situation where capex payback is an issue, everyone else has even bigger problems.