Yep. Like many other cobalt and lithium plays it was previously mothballed. A bet on Thirsty is partially a bet on the EV revolution happening big-time, this time...
Smashed payable value? Yep, less revenue without getting all the nickel, but at current cobalt prices the project's now much lower estimated CAPEX would be paid for in less than a year based upon current projections. We'll need to see what's in the updated scoping study, but so-far the economics look impressive if the mine can do what is planned - even at lower cobalt prices. And it can all be scaled-up (at considerable cost obviously) to get the rest of the nickel down the track if prices rise.
BAR Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
