CNJ 0.00% 0.1¢ conico ltd

cobalt breaks 23,800, page-119

  1. 496 Posts.
    I think the bigger picture is Platx Limited (Mark Creasy owned) spending $359k++ on their tenement directly adjacent to Mt Thirsty over the last year. As I have discussed before the mineralisation of Mt Thirsty continues into their tenement. The most likely scenario is an agreement with them to mine the whole belt. With this in mind I doubt management will be involved beyond arranging a feasibility study.


    virgo888 Mt Thirsty can achieve 1:1 Cobalt:Nickel extraction while HRR deposits you are looking at 1:10-1:20 extraction.

    Compare BAR/CNJ with other "stand alone" Cobalt projects particularly those listed on the TSX and CNJ/BAR with their low Capex requirement seem undervalued.
 
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