CLA 7.14% 1.3¢ celsius resources limited.

Ann: Quarterly Activities Report, page-36

  1. 6,158 Posts.
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    Delays are part and parcel of this end of the market - get used to it

    I am willing to give the company the benefit of the doubt, they explained themselves why there was delay. Remember they massively exceeded JORC expectations
    Who is to say they won't again?

    Of course it's no fun watching SP drop, but you can go have a look at all Cobalt stocks on ASX and around the world!

    Quality projects with Low Capex/Opex will win in the end

    Plenty of clue in the Quarterly why there is delay, and what is forecasted!
    (unless of course you think it is a blatant lie)
    "successive iterations of the leaching testwork have had the effect of significantly reducing reagent and power requirements (and therefore the expected operating costs)"

    "Opportunities for further metallurgical process improvements have also been identified, which are expected to allow further beneficial iterations to reagent and power requirements, and therefore operating cost estimates."

 
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