Ann: Investor Presentation, page-6

Yes there has already been some speculation about SFR and PAN. I take this with a grain of salt.
I have a bias against laterite NI projects after seeing billions lost here. They are so capital intensive and seem to fail when they are turned on. Sulphide Ni projects are usually smaller but much simpler to build and operate. Note That BHP lost $2 billion on Ravensthorpe laterite project but has recently committed to expanding sulphide Ni operations.
I did speculate on dividend but not until 2021 at the earliest.