CQ versus other Cobalt Companies, page-17

After reading up a bit on CLQ (not in-depth) the MC is already close to the project NPV.
Having said that the NPV seems conservative with a cobalt price of $12/IL IIRC.
Huge capital cost to get the project off the ground which is a bit of a turn off for me.

Regarding the processes, if you read what AUZ are saying about CLQ that the process has not been proven to be any better or more economical that what’s already in the market. I can’t comment on This but that’s what the top dog at AUZ has said. I doubt he would say that in a company release without it being true to a high degree.

AUZ have tenements right next to CLQ which they claim are as good as CLQs plus they have a well advanced project in QLD and the MC is about 1/3rd.

Both could do well once the market stays bouyant for the next couple of years but for me it’s a big ask and prefer to go with less capital intensive and more nimble projects with higher IRR given the state of the global economy. I missed the train on this one when I was eyeing it up at 50c when Friedland bought in. Held off and it broke out well done to the long termers but Better risk reward elsewhere right now imo if you after cobalt exposure.