I'm very interested that DRA Global, a very large reputable company, is providing an independent report on how much work is needed to get Cancet up to the stage of its peers.
Not only does it make the project much more marketable, it shows shareholders old and new just how much it'll take to be able to catch up to its neighbours.
Spoiler alert, I'm going to go ahead and let you know its not going to take a small loan of $65M for work to get Cancet to beat 20MT @1.02% like Sayona with their $75M market cap at DFS stage. Especially considering Cancet's sampling/trenching/drill intercepts indicate a deposit grade closer to 2% (research note geologist was forecasting 1.6%) practically from surface, so the PFS/DFS implications for the bottom line financials should be outstanding especially considering the road access and power lines with the world's cheapest electricity. Nothing gets real money flowing in like triple digit IRR's and NPV's with B's not M's.
MTC Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
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