NMG is a small public junior exploration company appraising one the largest nickel projects in the world. We can definitely not finance the development stage on our own, and even financing the PFS program is a challenge. The understanding that NMG not only must deal with the current depressed nickel price, but also be able to take a 10% market share of the global MPI trade and produce 1 billion kWh per annum of electricity makes the project much more complex. We simply need to reconsider the project approach together with our advisors to ascertain that we maximize shareholder value in NMG. While we re-analyze RNP we will also review other business opportunities. NMG has, through its major shareholder in Norway, access to a continuous deal flow.
This is a significant milestone for the Rönnbäcken Nickel Project regarding the environmental presumptions, encouraging us to continue with further technical, environmental and economical investigations needed for a pre-feasibility study