Ann: CNJ: MT Thirsty Cobalt Project Drilling Update, page-2

VERY EXCITING NEWS!

All this happening under wraps supports my belief that the JV is doing a lot of work behind the scenes which we don't know about - and that they are keeping a low profile on Mt Thirsty developments until bigger picture is clear and ready to pitch to the market (contrary to some posters feelings that the JV is uninterested in realising the billion of dollars of value in the resource = totally ridiculous)

Here's what we know/my guesses as to what we're seeing happening:

A: The JV is building a water-tight case for the low CAPEX/OPEX processes - labwork (initial work complete with ongoing experiments)

B: The JV is costing the proposed low CAPEX processes - engineering modelling (now)

C: The JV is working out just how much cobalt + other metals they actually have - by the looks of it more than they thought. Ongoing.

C: Once A, B and C are understood the JV can then do a deal with Mark Creasy's Platx continuation of the resource (i.e how to work out % ownership of the combined resources). Talks with Creasy have been taking place for the last year (discussed at AGM).

To me this makes sense. If a new JV with Creasy is announced it will generate a lot of media attention. At that point the JV will maximise marketing if they are also launching a new resource estimate for the total combined project with a costed process with a timeline to production all ready to go.

Commentators like Matt Bohlsen predict a pick-up in cobalt mining interest mid-year as carmakers ramp up EV production and cobalt going into a deficit. It could all be very well timed indeed...

Solarbat