Ann: Annual Report to shareholders, page-16

Just sayin,

I am wondering what all you smoking hot coals are seeing here.

All I can see are some royalties (which Market never fully prices in - go see Clancy with NSRs which have partial buybacks of $20 mill and a M Cap of $5 mill). Only the gold royalty excites me  - it will cover boardroom costs.

And a few shares and oppies in stock.

Then the Young Ni Co project with .8% Ni and .06% Co.  Hey compare that to our other common hottie where the mullock heaps are returning reject ore of 6% Co.  Then again at Young it is laterite - hugely thirsty for acid at $350 a tonne.

Suddenly the old CEO, who was a banker with a university blue is replaced by a mining man and the SP goes exponential.

Other thing I notice is all those directors - full half doz. don't seem to actually do anything, they just get independent experts to do the nitty gritty.

Can't actually see the value here guys!!