News to start and then some commentary-Sumitomo tipped in...

News to start and then some commentary-
Sumitomo tipped in $17,000,000~ ( from memory ), in to Canada Nickel.. which is happy with 0.3% nickel grade ore. Our cut off was 0.5%

Using that cut off they have zero tonnes of nickel.

This isn’t putting Canada Nickel or Sumitomo down. It’s to put things in perspective. If Sumitomo thinks that is worth pursuing ( admittedly with a lot lower involvement than our deal outlines ), then we can only assume they must be very happy to be part of Kalgoorlie Nickel.

https://www.mining.com/canada-nickel-records-nickel-recoveries-of-59-at-mann-northwest/

Australia will issue its federal budget tonight, with some focus on critical minerals. Safe to say that it will come out by 21:00 AEST so overseas readers can check what time that is for them.

https://www.mining.com/web/australias-budget-will-boost-critical-minerals-treasurer-says/

Next up we see half a trillion USD going to oil etc companies every year since the Paris climate accord. That is truly staggering and shows just how much money is out there. Just 10% being diverted to renewables would huge-

https://m.belfasttelegraph.co.uk/news/uk/worlds-biggest-banks-financed-fossil-fuels-by-55tn-since-paris-agreement/a582825567.html

Some thoughts, which may have been touched on in other posts in different ways-

Let’s take a moment to consider that we’ve just gotten a huge amount of dilution out of the way while also gaining a much higher probability that we’ll reach production around the time demand will really start to fly* ( note at bottom ).

The dilution? The share of Kalgoorlie Nickel that the JC can earn.

For us to raise $98,500,000 via CR after CR would have held our SP down for years. Very likely needing 200,000,000 new shares.. or more.

It would have derisked the project from a development pathway perspective but when we look around we can see that some companies who funded their own DFS did not go on to land a partner. Every year that goes by after them having spent that money means they are closer to needing to spend more to revise that DFS.

In effect we can see that our PFS won us our development partners. One of who is a leader in the type of mining we want to do.

Just let that sink in for a moment. We did with a PFS what others can’t do with a DFS. Truly impressive & reassuring.

Our current pullback ( SP ), is the new launching pad for our rise. Just months ago we were at 40~ cents with no partners and a lot of potential dilution on the horizon.

Now we are 60~ ( not jinxing the price! ), cents and have two excellent partners who share very similar goals and have done a lot of business together over goodness knows how long. Generations, at the least, comes to mind.

Basically we are 50~% higher priced, have very little dilution moving forward and have two fantastic partners. Our value proposition at this point is probably better than it ever has been.

*Demand will start to fly.
I believe very strongly that the current weakness in demand for EV’s etc is all part of growing up. The battery story ran before it could walk, so to speak. 2030 will see a much better environment for the EV/Hybrid user. Better charging networks, better repair/service chains, better batteries/motors etc.

It will be a fantastic time for a low cost producer to come online. A low cost producer we can buy in to over the next year or so at great prices. I’m far more confident of the whole story today ( world of batteries and Ardea’s prospects ), than I was in 2017.

2029-2030 is the mark I’m using for the build and ramp
up if we keep moving forward as planned. To those worrying about the using of the PFS timeline in presentations remember that we can’t issue a new timeline until it has been decided upon by all involved. It will come out when it is ready.