Ann: Positive Scoping Study Completed on Opuwo Cobalt Project, page-303

"Savvy players are buying today - you can now purchase one of the most promising cobalt projects on the ASX for ~$55mil cap. Whilst most on here are banging on like headless chooks with no ability to look further than 24hours ahead, there is still a very bright future here."

Your kidding yourself aren't ya.

This is now in the basket of all the other ASX Cobalt players apart from NZC.
Im not sure of any one of them that didnt have this reaction to SS/PFS due to big costs blowouts/very marginal metrics and most are based in Australia which is far more attractive than any African project. Poor metrics (or no metrics in this case which can be viewed as likely terrible) and the market reacts accordingly.

Are we buying the story that the company didnt drill enough (despite many delays) and got this out too early which is very very poor management (dont ever recall it happening) or is it simply no better than all the other large Aus based plays?