CLQ have a great deposit there with Sunrise, problem is they don't own all of it.
The other potential half is owned by AUZ. How do you mine up to what is a " line in the sand". This is going to be an issue for CLQ. It's inevitable that CLQ will want to have control of the complete deposit. It means they go cap in hand to AUZ.
All the while AUZ is moving ahead with Sconi. They are in the enviable position of moving ahead with one project which is owned 100% ( Sconi ) and own what is potentially the other half of the Sunrise project. What is that going to cost CLQ.
Has anybody factored this into profitability calculations.
It's the one reason I never bought CLQ. You can't mine up to a line in the sand.
CLQ have a great deposit there with Sunrise, problem is they...
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