@mineralised just two quick questions which you may be able to shed some light on. Everyone has known for the last 1-2 years how valuable cobalt is going to be particularly for NZC's project yet:
1. why has the recently completed feasibility study not really shown any benefit from the cobalt? surely they could have modified the study to look at further processing rather than doing it now, and subsequent to the study?
2. why dont they just do the full SXEW plant now because my numbers show the NPV would be far superior. seems they are settling for mediocrity. sure you can go with the throw away - "we'll fund it from cashflows" but such a good project should be able to raise $200mill capex with the returns it would give particularly from cobalt.
NZC Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held