At this rate of drilling success and extensional drilling, Opuwo is going to be a world class, low cost sulphide cobalt deposit of significant value. A pure sulphide cobalt play riding the battery tech boom
We just need the results of the scoping study to understand the commercial metrics of Opuwo and also the indicative costs to produce capex and opex to make informed decisions. I do believe Opuwo to be facourble and on the low cost side as compared projects outside of the DRC.
That said since the cobalt commodity correction, CLA has followed the underlying commodity however our retracement has not been as significant as others in the cobalt space in particular high capex laterite plays. We have maintained a solid valuation which the market is attibuting more value relativel to others in the sector.
CLA is the one to watch and our cobalt resource is going to be huge!
