Sipping coffee Sunday morning, and thinking about CLA.
Thinking there are so many catalysts for SP to possibly go ballistic by end of 2018/early 2019...All of these catalysts could have a major impact on SP, so best to hold long term and ride it out IMO..rather than hop in and out and miss out on the jumps.
1) Rising Cobalt prices..now at $80,000 a Tonne..and only rising. This trend only likely to continue during 2018.
https://www.bloomberg.com/graphics/2018-cobalt-batteries/
https://asia.nikkei.com/Markets/Commodities/Japanese-cobalt-traders-find-there-is-none-left-to-buy
2) Initial JORC in Feb (likely to be enough for a Scoping study to demonstrate viability of the project).
3) Next JORC target potentially to be atleast triple/quadripule of maiden JORC. Next resource drilling and upgrading maiden JORC likely to happen within 2018.
4) Improved metallurgy results expected before end of March.
5) Scoping study to be completed probably before end of April to demonstrate economic viability of project.
6) Resource definition drilling likely to be reported for the additional leases. Exploration target to be upgraded again following the first JORC upgrade (following the maiden one)....probably doubling again..so we are looking at atleast 6-8 times maiden JORC exploration target
7) High grade drilling results to be reported throughout 2018..including a likely chance of finding the feeder zone.
8) Commencement of PFS, and its completion likely before end of 2018. (PFS likely to include upgraded JORC..and likely to double production p.a as compared to Scoping Study)
9) Successful production of final product and samples of product sent to potential customers during 2018.
10) Offtake deals coupled with funding/JV deals/Buyout deal talks/MAs...maybe late 2018 to early 2019
11) DFS/Bankable DFS....probably by mid 2019?
BOOM time coming....sit tight and .....enjoy the ride!
