Got back from the AGM and it was very impressive! The whole team were there including Pine Van Wyck. At the end of the presentation if BB had a mic he would have dropped it haha
This project is unlike nearly every other Cobalt project out there in that it will be a pure Cobalt play with a Copper by-product not the other way around. It has absolutely no negatives in regards to its fundamentals!
It even has a road running within 400m of its boundaries so transportation, logistics, power and water are not a problem. As far as PVW and BB are concerned the feeder zone, they were talking about when they hit the massive sulfides, lays within their boundaries. Of course it is not proven yet but it looks very promising. They will be doing more step out holes to prove the existence of this extra zone but will wait for assays to be returned before they go deeper. They have been contacted by alot of Cobalt users but are not pursuing any deals until after they announce a JORC. As this project is in arguably the friendliest jurisdiction in Africa, it has and will attract interest from North American and European end users. One thing BB made a point of and is excited about, is the fact that the mineralisation is very simple and has super low deleterious elements. That means processing will be a breeze and they will produce battery grade Cobalt unlike most other Oz and European projects.
IMO this is the best Cobalt project on the ASX as it is the only pure Cobalt project on the ASX!
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