Validation I think the market understands how much nickel CNC has; and even that they will have a district of it.
But I think the market is trying to determine if majors are holding off on the available low grade deposits in hopes of exploring high grade exploration targets. Is this a situation of Majors preferring high grade and will only invest in low grade as a last resort?
If a major nickel company becomes CNCs strategic that would be telling. In my opinion, it would break down the last wall of any doubt on this project.