CLQ Valuation, page-61

Well,
You’re right about the swings, but can’t be sure that it will swing lower from here however. CLQ is an unique proposition in the mining world that will co-produce two of the boom metals of our generation. If we ever get to nameplate capacity, Ni and Co Sulphates will bring in c. AU$1.6B in annual Revenues at C1 Operating costs around AU$280m. This does not include potential Scandium offtake or the water purification/metal separation tech side of the business.

AU$900m doesn’t look too bad against those sorts of Revenues and Margins, even with significant dilution to come. There also should be plenty of good news ahead, especially on the deals front. Just think you sold a couple of months early but likely the right play for you, given your risk tolerance. I’ll wave to you on the next swing higher.