POS CHART INDIOCATING BREAKOUT TO MUCH HIGHER PRICES, page-190

A triple bottom is now in place and break out is underway. The last bear market raid that forced the price down to 8.5 cents was a result of the underwhelming resource data generated at Golden Swan. Looking forward we have three major catalysts that will IMHO 2x -4x the price within the next 6-12 -18 weeks.

(1) POS is expediting the completion of a Scoping Study / Preliminary Economic Assessment in the current quarter that includes an update on resources, met work and mining studies (at GS, SS and BS) within the next 6 weeks.
(2) Completion of a Bankable Feasibility Study to put BS back into production.

Much of the technical work is already completed and amount of funding to execute re-opening and production at 1.1MTPA at BS is already complete. Completion of the BFS meets technical/legal requirements to execute an agreement for sale of DSO /concentrate AND support significant pre-payment amount.

(3) Significant pre-payment (and sale of gold JV) sets-up expedited redevelopment of Lake Johnston and Windarra via drill programs and ore development in the first/second quarters of 2022. This all collides with the rundown of LME stockpiles and run up in nickel price. Good luck to all longs.