Shareholder information session - Sydney, page-241

To think that Axiom won’t share in the benefits of these credits is absolutely ignorant. Prices are driven by demand so unless there is only one nickel refinery in the world that is able to buy the nickel and extract these benefits in a monopoly, the price of our nickel will go up due to competition for the by-products. Theoretically they will be willing to pay up until the benefit of the by-product is outweighed by the additional cost. I’m not suggesting that we’ll take this whole benefit, or even a majority of it for that matter, but there will definitely be a share of it, albeit a small proportion, that goes to Axiom.

I’m actually in awe that I need to explain that to someone.