Dubious future., page-30

listen to Joe K or do your own research on cathode manufacture. it is most challenging to pivot chemistry once plant mechanised one way or the other.
150 gigafactories in some stage of planning or development world wide and need to make a call. Simply put, Cobalt is the choice if you have supply.

Price is not the issue with cobalt it is the social contractual component that lives in commercial agreements. COB solves this problem. now with extension to pyrite hill, confidence in NCM and ethical sourcing will grow.

Chinese manufacturing will be for Chinese consumers as they are less concerned with ethics as Confucian belief differs significantly to western culture.
Tesla will sell Tesla cars manufactured in China for Chinese people long term.
can safely assume that Nikola and other commercial vehicle/ truck manufacturers and military vehicles will not be using anything but cobalt as the storage capacity will not be adequate enough without NCM chemistry.

Europeans will ask about ethics and the word Australian mined and refined will resonate.

As for 550 m Capex, this likely much lower however opex is the key here now with an expansion of exploration to what is assumed better than even money chance of adding significant mine life.
pyrite hill near surface, I suspect they already know a potential JORC for the tenements?

add in the proprietary refining technology and the signals flash buy buy buy.
seems the market felt this today too.

Final point, Chinese New Year next week, look at this period to top up with potential weakness in the cobalt price.
DYOR GLTAH