Without Cobalt from DRC, there is no EV revolution, page-5

No cobalt no NMC batteries - correct.

The issue is new cobalt must come on stream ASAP otherwise the forecast expansion of NMC technology will be squashed. Other technologies will come more competitive. This is already in progress.

IMO we have a window of 5 years.

NZC I think will be a winner from this. I will buy at some point soon, but Ill wait a little while the WITS2 story soaks up all the local punters and starves other plays of cash.