Mondy, Deme,You remembered!
My reservation was broader and more pointed than that.
JRV has three key assets: a Cu Co mine project, a Ni Co refinery and a Co products business. They are geographically distant and there are few obvious linkages between them.
When JRV began exploring expanding Kokkola, I suggested duplicating that Co powders business in the USA instead.
Now we have the idea of a Co refinery in the USA, funded by the US Government, just as mine development is suspended. Further, resource definition drilling yields a modest increase in grade and a small decrease in Resource.
While the company announcement above was beautifully written, I am obliged to view the overall strategy as utterly incoherent.
Quarterly report due 27 April, with insights into the Cobalt stocks and JRV's cash position.
Is anyone confident about what it may hold? Really?
Ash
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