RFR Nickel, page-27

Yep. There's no cash in the kitty. CR coming shortly irrespective of what they do with the nickel assets but one way or another they need cash to fund anything with the nickel assets whether it be a spin off with IPO raise for seed funding or a JV with partner funding. Either way it gets drilled sooner rather than later. Glad they're doing something with it as the Iberian assets are bogged down in red tape for now. Spain notoriously are one of the most unfriendly mining jurisdictions around. There's going to be a lot of jumping through hoops & over high bars before any potential start up. Lots to like here in the asset base but unless they can get approvals traction, I can't see us going anywhere for now so the nickel tenements are a nice distraction.