I agree, there is no point in selling so cheap unless you feel certain that CMR will go into administration/liquidation.
There is a high risk though that CMR will run out of options if the oxides plant is a cash-burner as seems likely on opex costs they have projected and ongoing weak cobalt prices. Best case right now is for oxides to break-even over the next couple of years.
With the uranium now needing more resource to be viable, CMR's only value now is in the sulphides. Can anyone recall what the attributed value of the sulphides project was in one of those broker reports (and allowing for free capex of course for 50% share)?
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