Mt Thirsty is unique, cheap to process and has a significant lower capex compared to conventional laterite deposits (of which I think long term only a few may make it). The problem is that only people here or who dig way back through announcements are aware of this. This difference has not been made prominent yet to the market. I have had some concerns that maybe the met/leaching results/trials had gone poorly but in that case CNJ would have completely crashed had that leaked. For whatever reason most of the companies in the Lithium/Cobalt sector have experienced significant drops in the past few months.
Assuming that the met/leaching results confirm the low capex and simple processing (the opposite of traditional laterite resources) this can only go one way. Promotion will be very easy and the numbers will be compelling in comparison to peers, assuming that it can be proven.
Its certainly been a bloody frustrating wait, but from the quarterly activities report the metallurgical testwork was due to be completed in April and the Scoping Study (which should give us some positive numbers to show the market) was also on track to be completed this quarter, so potentially in the next 8 weeks we should have some information and data to make the market aware
Until then we have to wait, I still believe the exciting times are ahead, I'm just trying to avoid looking at what happened on the graph to the right over the past 10 weeks...
'It's value is not clear to the average investor' sums it up very well @Solarbat
BAR Price at posting:
5.0¢ Sentiment: Buy Disclosure: Held
