The other thing is the due diligence on the Cobalt project is 6 weeks, so they haven't yet acquired anything really. They are working on it but they haven't executed anything yet, so they can still walk away from it.
I have a feeling this aspect is also a reason why it's not being valued a lot higher, people want to see that the project will actually be acquired and further results from RMX doing their own work rathe than just initial grab samples on the Cobalt from the current owners.
I like the Cobalt project a lot, it looks very promising, but there's still a lot of time for it with Due Dilligence and then with the first buy in being executed.
So I agree with you, the main focus is the lithium drilling in Utah.
Once the Cobalt project becomes officially binding, as in they sign this Binding Agreement and start the first phase then I think it should add at least $5m to $10m to the market cap when that time comes.
RMX Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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