I think VIC is very well positioned but the management lacks experience. However, they can demonstrate they’re learning on the job over time and it certainly doesn’t mean they’ll fail. It just highlights additional risk.
I think waiting out a big boy take over is a viable exit here. I couldn’t suggest how far away VIC would be from production, but given how much closer other cobalt plays are, it might be an attractive option if drill results are favourable.
Chart, page-435
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