NICKEL NEWS, page-991

Why do you feel management would be nervous - any more than the usual "cautious", about a start up?

Since returning to the scene this past week I have listened to a number of interviews he (PH) and crew have done and given PH's history, he doesn't strike me as a particularly "nervous" type. Knowledgeable and experienced, yes and I think he's being thorough given the different potential processing options here. PH also comments delays are externally influenced, which I reasonably accept.

It's generally a great environment for nickel and given the various "working parts" to POS, I'm not surprised in the complexity of working it all out and time taken. But as you suggested, when (assuming when) a clear plan of action is decided and offtake/funding agreements have been sorted, this will have a very different profile. Key thing is this company does have real and hard assets of value which are currently very undervalued because the "pieces" are not assembled together and working(!) ... as I see it with my layman's view.

Kip