what is that? A 2.5B project. This is 1B more than CLQ's Sunrise project.
A MOU with SCT is nothing and It wants MLX to provide a FS before a funding should be approved for mine development.
Will MLX use its capital rised for the copper project to do some more drillings or Does It need more CR for this ni-co project?
MLX should had done a FS at the height of cobalt cycle but It didn't do anything in a year time while CLQ has been developing its project for half way.
It will make more sense when The Chinese wanted to convert 13% MLX stakes into 20% of ni-co reserve.
Is the Japanese serious about this project? Is this resource better than CLQ? Is this close to existing infrastructures? what about the departure of its board members. Do they see any value in this rubbish MOU?
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