Ann: High-Grade Cobalt Results, page-8

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HAC30

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26/06/18

15:12

Post #: 33957228
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Originally posted by mineralised ↑

Thanks thats what I was vibing.

My only hesitancy in drawing a line straight to grade and throwing my hands and up saying "FINALLY" is this was buried a few pages down and I think that if the grade of this first intercept was expected to be that high it would be A - mentioned higher up, perhaps as the headline and B - with a side view of the core showing continuous mineralisation.

Given the muted description laden with technical lingo, I assume we have to be content with this as a new "technically significant" discovery rather than an "economically significant" one.

It does seem extremely significant. There's potential to uncover some large primary cobalt (by value) sulphide bodies as the source for the cobalt enrichment at Kalongwe / Monwezi 7 / Kalongwe South. AND we don't need to use the bloody unreliable DRC soil geochem, we can light it up with geophysics. Disclaimer - potentially...

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Hey mate,

Any idea at what point we are expecting the FEED for stage 1 to be completed? Unsure how long these things take, says at some point in Q3 as below:

"Complete the FEED program for Stage 1 development and construction (due Q3 2018), concurrent with evaluating development and funding solutions"

If done concurrently with evaluating funding, I assume that could be a big catalyst for either funding being finalised or takeover.

NZC Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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Ann: High-Grade Cobalt Results, page-8

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