Nothing wrong with a diverse portfolio mate. Particularly when the projects are managed well, which includes making positive deals with big players.
They've done very well in terms of acquiring AB, prior to a zinc bull market, ridiculously cheap. Management's foresight has been impressive IMO.
I believe the lithium party isn't over ....IMO what hurt the company in terms of a ST spec boost for our lithium, was the near 12 months we had to wait for tenements to be granted.
It was out of management's hands, but it really did drag on beyond the realm of normal.
The main thing is that we have acquired some great tenements, particularly in terms of location to existing infrastructure etc.
If management decided to do a spin-off for their lithium etc, then it'll be a decent cash injection, allowing all projects to progress without supplementing other works.
We need to hit the ground running in terms of our Cobalt prospects, which it appears management have every intention of doing.
There should still be plenty of cash to progress the next phase of lithium exploration, WHILST our PFS for Admiral Bay is underway and Cobalt tenements are explored.
Cheyne
MCT Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
