What you say is true but now I believe Peter will be forced to create shareholder value with the chm play. let's face it iron ore is FNC now the big shareholders will force Peters hand they have large stakes so they have a large say. CHM will be bought out probably for 300 million plus they can have 6 billion tonnes but it's worthless until someone wants it. If I'm not mistaken Baffin Island is going for 500 million plus but the capex is high very high in comparison to CHM. This is Peters chance to line the shareholders pockets if he fails not only will he lose his job and destroy this company he won't find enough money to dig a garden never mind look for gold or useless nickel 1 km below surface.