Im looking at buying some CLQ hopefully before full feasibilty study is done.
At a glance they will be producing some time in 2019 i believe? was going to be a 3 year lead time but they are saying it could be 12 months now they have the autoclaves already.
i think its going to cost them 700mil to one billion to construct but seem to have or be in the process of getting most of it funded with out CR which seems extraordinary if they do it and shows backers would have confidence in the project.
Resource and pre feasablity can be found here: http://www.cleanteq.com/sunrise-project/
one thing to not they have not included Scandium in any of their Conservative estimates.
Im also hopeing their water tech takes off, first big customer was Kirkland signing up at Fosterville in Bendigo, only 3.5 mill contract but could be the first of many!
will be spending my spare time doing more research, biggest concern for me is defiantly whether they are successfully in getting construction fully financed with out a massive CR, they are a leader in processing and extraction techniques at low cost and effectiveness, that was their main business for 25 years before they decided to get into mining and production them selves 3 years ago.
CLQ Price at posting:
$1.48 Sentiment: Hold Disclosure: Not Held
