Ann: Railway Drilling Program Confirms Grade Continuity, page-87

I recall reading that the company believe they can produce 4,000 tonnes pa with a operating cost of $12/lb
Current price is around $37/lb. I wasn’t too bad at maths at school but even if I wasn’t I could see that the above doesn’t look too bad.
The price of co will go over $50/lb and these are US prices not even accounting for the FFX gain.

Bob, when you said you’re a expert in these type of deposits, you are referring to Pyrite yeah?
If Laterite projects like AUZ and CLQ can attract investors then surely COB is a great low cost play.
Sorry Bob, not trying to discredit you but what’s your evidence on this deposit being sub-economic?
I’m no expert, so happy for you to explain.