Standing Strong !!, page-45

Furfural, it's the value adding potential that makes it a hold/buy for me. Just the cobalt price alone gives the MtT project enormous potential.

I watch the Lithium ETF chart on the NYSE and I know cobalt is going to copy it. USD33/pound was assumed in the SS as a 21-yr average. But the cobalt chart is signalling 36 soon and 52, the all time high, will be tagged not long thereafter as government-mandated EV production targets loom. USD33 to 52 is a 58% move.

The SS was delayed far too long while they tried to sort the best metallurgy. A year ago the ore gave a 90% yield and now the SS uses 73% and, get this, in a range of 73% to 80%. You would know that using 80% instead of 73% - an upside difference of 9.6% - changes the tenor of that IRR quite radically.

I suspect there is much more work required to sort the metallurgy. Cheap opex, but poor yield. I'd like to see mid-80s.

I've spoken to directors in both JV camps and I've been happy with their guidance. I feel the lead partner drags the chain a bit - from here on they'd better get serious. The wild card is Creasy - we need to know about tenement consolidation quite soon. There's a quarterly due within 20 days and an AGM soon thereafter. They may face stern questions from impatient investors.

It's time they seized the day. Disrespecting the opportunities would be a huge travesty.