Table 9-1 is confusing, there is no getting around that. The...

Table 9-1 is confusing, there is no getting around that. The prices in that table for sulphides should make it clearer that it is based on metal content (for those not doing their CFA next week, or selling cobalt for a living). It comes across to the average reader as though it is a one-for one parity of the 20~% metal-sulphide blend to the 100% metal.

That aside...I did some NPV numbers breaking down the cashflows (negative and positive) after cobalt credits, including AISC, and the numbers still totally support the outcome in the PFS.

Which is a circa AUD $1.5 bil NPV for the 1 MTPA project.

Which does not include scaling up to 2.25 MTPA, does not include scandium credits, does not include more jade outsourcing, and does not include any gold (Lewis Ponds) spin out. Have I forgotten something? Almina or manganese sulphides by-products, or BOO efficiencies?!

An off-take here sees at us $3 easy (warranties will not be honored).

HAC30, to you I say, kudos for sticking to your guns, but also, just know that you were a complete xxxx tool in the process. Maybe that is what a lively HC discussion needs every now and again.